Microsoft (MSFT) Stock Analysis

Let's take a closer look at Microsoft's (MSFT) recent performance. The stock is currently trading at $416.79, showing a slight increase of +0.30%. We're seeing some interesting technical patterns forming:

Head & Shoulders Pattern : 

The chart shows a clear head and shoulders pattern, which could indicate a potential bearish reversal if the neckline is broken.

- Fibonacci Retracement Levels: Key levels to watch include 0.236 at $407.82 and 0.382 at $370.78. The stock has reacted previously with these levels, indicating potential support areas.

- Support Levels :  Strong support is found around $325.45, which coincides with the 0.618 Fibonacci level.

If Microsoft fails to stay above the neckline, we might see the stock test lower levels, potentially around $340 or even $325. Keep an eye on these key levels for any further movement.

Chart Patterns, Fibonacci Head and Shoulders

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