- Daily chart shows resistance at 50 Day SMA. Falling resistance line in weekly chart too is a resistance level.
- Rising up trend line from 127 and 100 Week SMA are support levels.
- Price contraction between the above mentioned support and resistance levels may soon resolve for a bigger move.
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- Microsoft daily chart has closed above the trading range.
- Weekly chart is yet to confirm a breakout with price closing near the falling resistance line and 100 week SMA.
- Price need to break the above mentioned levels in weekly chart and 38.2% Fib level to extend the up move.
