Daily dose of Chart : 04 July 2025
$MSFT: A Teflon stock turning hot, will it catch fire?
Before you wonder why we call it a Teflon stock please check my blog on 27 April 2025.
$MSFT : A 'Teflon' stock refusing to budge under pressure for NASDAQ:MSFT by RabishankarBiswal
I pointed out the reason why this stock refused to go down below critical levels and held onto some impressive gains. And since then, we have rallied 33% from the lows of 360 and reached an ATH of 480 $. The buying pressure on the stock has pushed it above our upward sloping parallel channel which we have been following for more than 2 quarters. We always argued that the stock has support around 350 $ and is unlikely to break the support. We bounced back exactly 350 $ with 25 RSI indicating oversold conditions.
Currently with stock price above 480 $ the RSI looks over bought at 73. But in my opinion the bull run can continue for some more time unless we see a double top in the RSI just like in 2022 and 2024. Double tops usually result in breakdown. But until then there is a lot of runway ahead of us. If we plot the Fib extension levels from the top before Liberation Day to the bottom after the liberation day, then we see that the next level on the chart is 1.612 Fib level with a price of 542 $. $MSFT is a Teflon stock which is host but might not catch fire and go to the moon. 😊
Verdict: More potential upside in $MSFT. Near term target 542 $.
Before you wonder why we call it a Teflon stock please check my blog on 27 April 2025.
$MSFT : A 'Teflon' stock refusing to budge under pressure for NASDAQ:MSFT by RabishankarBiswal
I pointed out the reason why this stock refused to go down below critical levels and held onto some impressive gains. And since then, we have rallied 33% from the lows of 360 and reached an ATH of 480 $. The buying pressure on the stock has pushed it above our upward sloping parallel channel which we have been following for more than 2 quarters. We always argued that the stock has support around 350 $ and is unlikely to break the support. We bounced back exactly 350 $ with 25 RSI indicating oversold conditions.
Currently with stock price above 480 $ the RSI looks over bought at 73. But in my opinion the bull run can continue for some more time unless we see a double top in the RSI just like in 2022 and 2024. Double tops usually result in breakdown. But until then there is a lot of runway ahead of us. If we plot the Fib extension levels from the top before Liberation Day to the bottom after the liberation day, then we see that the next level on the chart is 1.612 Fib level with a price of 542 $. $MSFT is a Teflon stock which is host but might not catch fire and go to the moon. 😊
Verdict: More potential upside in $MSFT. Near term target 542 $.
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