MSFT has strong technicals and improving relative performance, offering upside potential.
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Okay, next is "Microsoft ". Microsoft had a good day last Friday, and I remember that while examining the charts over the weekend, I found Microsoft impressive in breaking through resistance and surpassing the 515 level to reach around 520.
My question for this week is: Will we see a continuation of the upward trend? Not quite yet. We are in the middle of Friday's trading range , but we are very close to a good breakout.
I think the moving averages are in an excellent position. The relative strength index is acceptable. Relative performance is strong. Again, we are testing the resistance and have not yet broken through .
Microsoft is a great example of that. We have negative charts, which are generally trending downwards, and all of them are below the 200-day moving average, which means that the long- term trend is not positive.
it's easy to find charts like Nvidia and Microsoft when you think about it.
I can also see how Microsoft is emerging in a position of strength, and has actually begun to outperform. As for the most stable technical configurations, Microsoft is probably the best.
Then again, Microsoft, Meta, Nvidia, and some of these other charts that are in the "good" category, the ROG indicator shows you how they are improving on a relative basis, and I think this clearly expresses the upside opportunities available to them, or at least the setup for them at this moment.
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