I've got two opinions on Microsoft:
1) we have a repeat of the Dotcom bubble burst, giving a long period of sideways movement over many years while the global economy gets back on track and recovers from the energy crisis, ukraine impact, inflation, etc
2) we've reached the bottom already AND It's just going to keep going up while we enter the Web 3.0 era - Azure, Xbox and the recent OpenAI investment it feels like that technology is going to see them VERY well placed moving forward.
Key horizontal support levels for me are 200 and 133, guessing 133 would only be reached if some crazy world event occured, China invading tawain, esculation of Ukraine conflict drawing in other countries, etc
Going by the effect of other large tech company after a round of layoffs (AMZN, META, etc) are we going to see a noticable upward movement in the short term regardless
1) we have a repeat of the Dotcom bubble burst, giving a long period of sideways movement over many years while the global economy gets back on track and recovers from the energy crisis, ukraine impact, inflation, etc
2) we've reached the bottom already AND It's just going to keep going up while we enter the Web 3.0 era - Azure, Xbox and the recent OpenAI investment it feels like that technology is going to see them VERY well placed moving forward.
Key horizontal support levels for me are 200 and 133, guessing 133 would only be reached if some crazy world event occured, China invading tawain, esculation of Ukraine conflict drawing in other countries, etc
Going by the effect of other large tech company after a round of layoffs (AMZN, META, etc) are we going to see a noticable upward movement in the short term regardless