Elle_Evans
01-16

$Microsoft(MSFT)$ I’ve been watching the market closely this week, and that bounce off the 411 lows after the CPI news is pretty impressive. We’re back above the 8 EMA, but there’s some resistance around the 21 EMA. I’m hoping we can push higher and make a move towards the 435-440 range. If it holds the 411 support, I think it could be a solid setup.

Market never likes increased capex, but Microsoft has such a high return on its investment dollars over the past couple of decades that long term shareholders should be excited that it has this opportunity to invest at these amounts rather than simply distribute earnings as dividends and buy back shares.

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  • LEESIMON
    ·01-17
    🩷Good
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