Software giant Microsoft certainly deserves some credit for its successful transition from desktop computing to cloud computing. As a result, MSFT stock has surged. Many investors may be wondering whether Microsoft stock is worth buying right now.
Our Analysis:
While the price is above 263.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 277.49
- Take Profit 1: 287.00
- Take Profit 2: 300.00
Alternative scenario:
If the level 263.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 263.00
- Take Profit 1: 252.65
- Take Profit 2: 242.70
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