FXstreet

Microsoft’s stock (NASDAQ: MSFT) has lost approximately 16% YTD as compared to the 14% drop in the S&P500 index over the same period. The weekly price broke yearly Pivot level to below for the primary weekly bearish reversal: the price was bounced from the first pivot support level to above for the secondary rally to be started. The key level for the possible bullish trend to be resumed is 299.50 as the yearly pivot level now.

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