Microsoft stock returns to $384 resistance

Microsoft stock returns to $384 resistance
Microsoft nears $384 resistance, with $400 in sight

​Supported by steady demand from the $372.00-$368.00 area, the stock returned to resistance around the $384.00 level by the end of yesterday’s trading session and is currently trading near $389.00 in premarket today.

Revenue and profit trends continue to support a positive long-term outlook. However, AI-related costs and weaker demand for Copilot may act as limiting factors and trigger temporary pullbacks. Even so, such pullbacks may be used as buying opportunities, with the next upside target in the $400.00-$412.00 resistance area. 

MSFT nearest support is located around $372.00-$368.00. A break below the latter level would lead to a move toward $360.00-$356.00, where bulls may become more active.

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