The ceasefire announced yesterday between the United States, Israel and Iran brought investor interest back to risk assets. That supported the stock market and, in particular, Microsoft shares, which posted a strong advance.
Against that backdrop, buyers retested resistance near the $374.00 level, while in premarket trading the stock had already reached $384.80. A clear breakout above the major resistance at $382.00 opens the way for further gains toward the $395.00-$400.00 range.

In the short term, Microsoft stock performance looks constructive. Any corrective pullbacks may be viewed as buying opportunities, with the next important resistance level seen around $412.00.
At the moment, there are no significant reasons for a broad selloff.
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