Microsoft price remains upbeat amid turbulence

PUBLISHED: Apr 24 2020 @ 05:28 | Comments (0) | More info about Azeez Mustapha

Microsoft shares (NASDAQ:MSFT) has been able to hold out to the bullish signal on it, against the current turbulence the market is facing, from November 2019 to February 2020, price rose upwards sharply, reaching the supply level at 190.00.

Then the market fell to as low as the demand level of 130.00 before rallying again. The rally has been in place since then: price has been able to stay above the EMA 21. Likewise, the Williams’ % Range period 20 has recently fallen from the overbought territory. The fall was not much and the indicator has halted its fall as it prepares to go upwards again.

Once the Williams’ % Range reaches the overbought region, there would be a confirmed bullish bias on the market. MSFT is supposed to go upwards from here, reaching the supply levels at 180.00, 190.00 and eventually 200.00 this year. This target might even be exceeded.

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