From a technical perspective, $Microsoft(MSFT)$ could reach $500 by mid-July. The current price is around $379, which looks like a solid base after the pullback from the all-time high of $555.
Key signals:
- Testing the major support zone near $356-$380, around the 2026 lows and prior breakout area. Historically, there's been strong buying interest here.
- Daily and weekly RSI is approaching oversold levels, which is a classic setup for a rebound.
- A bull flag appears to be forming on the weekly chart, with decreasing volume on the pullback, suggesting an accumulation phase.
- The 200-day MA has acted as dynamic long-term support; once the 50-day MA is reclaimed, momentum could pick up.
Catalysts include AI momentum (Copilot/Azure), potentially strong earnings, and a broader market rotation back into Tech.
First target around $420–$450, then a potential parabolic push towards $500. A break above recent highs would confirm the move.
Just reading the charts, not financial advice. What's your take, $Microsoft(MSFT)$ bulls?
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