$Microsoft(MSFT)$
What makes this week's MSFT candle bullish:
- Bullish engulfing structure: This week's candle fully engulfs last week's body, reversing the prior downtrend.
- Long lower wick: MSFT flushed to $349.20 (new 52-week low) but buyers stepped in aggressively. Long lower wicks confirm demand zones.
- Strong close near highs: MSFT closed at $372.97, very close to the weekly high of $376.61, showing sustained buying pressure.
- +5.7% weekly gain: A large green candle after a multi-week selloff often marks a momentum shift.
Technical implications:
- The weekly candle suggests buyers defended the $350 zone, aligning with the earlier thesis about a potential double-bottom structure forming in the $360–$368 region.
- A bullish weekly candle after a 52-week low break often signals:
- Exhaustion of sellers
- Short-covering
- Institutional dip-buying
- If MSFT holds above $370, the next weekly pivot is the $395–$410 band, which is critical for trend definition.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
