MSFT Is Strong. That Doesn't Mean It's Low Risk
$MSFT has pushed above its downtrend line, but the weekly chart is approaching another important test.
What stands out:
Previous highs are now directly overhead.
A strong green candle into resistance often brings enthusiasm, but it can also attract profit-taking.
The trend has improved, yet reclaiming a downtrend line is only the first step. Holding above key resistance is what confirms a stronger breakout.
For now, the chart is showing improving momentum, but the next move will depend on whether buyers can absorb supply near prior highs instead of fading after an extended rally.
