Thursday, February 22, 2018

Annual Forecast for Microsoft (2018)

Microsoft shares (NASDAQ:MSFT) are currently bullish, and the bullishness has just been renewed after the recent pullback in the market, which occurred in the first several trading days of February 2018.

The market has been going upwards in the last several month, and the dip that occurred this month was just an opportunity to enter the market at a better price.

Price is currently trading above the EMA 21, while the Williams’ % Range period 20 is sloping towards the overbought territory.

Even if the market reaches the overbought territory, the market would remain bullish irrespective of transient pullbacks or pauses.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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