After being stopped out previously, Microsoft (MSFT) is once again positioned for a potential breakout. With renewed bullish momentum building around the $423 entry level, MSFT aims to push through key resistance at $441.85, targeting a move to $456. The updated setup offers an appealing risk-to-reward ratio, with a stop-loss set at $407 to manage downside risk.
Microsoft's robust fundamentals remain a driving force, with its leadership in cloud computing through Azure and continued advancements in AI with Copilot. Demand for these solutions continues to grow, positioning Microsoft as a critical player in tech innovation and enterprise software.
With both technical support and strong growth drivers, MSFT is primed for another attempt at reaching the $456 target.
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