MSFT Potential for Bullish Rise| 26th August 2022 Microsoft Corp

On H4, with the price moving within the ascending channel and above ichimoku cloud , we have a bullish bias that the price may rise form the buy entry at 278.84, where the overlap resistance and 23.6% fibonacci retracement are to the take profit at 294.02, where the swing high is. Alternatively, the price may drop to the stop loss at 268.06, where the pullback support and 50% fibonacci retracement are.

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