Microsoft Corp. (MSFT) approaching channel support, able to absorb weekly selling pressures. From here, (MSFT) can regain upward momentum and trade back to recent resistance, eliciting gains of 15-20% over the following 1-2 months. A settlement above this resistance would lead to a longer-term buy signal into 2024. Inversely, if a settlement below channel support occurs, (MSFT) becomes susceptible to losses of 20% over the following 3-5 months.
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