Annual forecast for Microsoft (2021)

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Microsoft Corporation stock (NASDAQ:MSFT) has resumed its uptrend, following the recent bearish movement that got rejected around the support level at 240.00. Price is expected to go further upwards.

The RSI period 14 is now above the level 50, and will rise until it reaches the overbought region around the level 70 (and the market would have become very strong by then).

Price itself is testing the upper Trendline and it would break it to the upside anytime from now, as the market goes further northwards.

The outlook on MSFT is bullish for this year, and the resistance levels at 260.00, 270.00 and 280.00 will eventually be broken to the upside.

 

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