has held strong compared to its peers in the technology sector only having a 7-9% dip from its recent high compared to the rest of tech that saw 15%+ dip. This sector is very cyclical and after about 30 days of profit taking driving prices down it goes to a new high and usually very quickly. With that being said we may see MSFT
at a new high within 2-3 weeks and then have to go through profit taking again in late April early May. As you can see it has an uptrending RSI
and a bullish
crossover in the MACD
. Its also trading at decent volume
with resistance crossover at $93 which is a buy signal. I can see this being a $100 stock by mid-May where profit taking will take place again. Buy now sell in May.