Microsoft Corporation develops, licenses, markets, and supports
software, services, and devices worldwide. The company’s Devices and
Consumer (D&C) Licensing segment licenses Windows operating system
and related software; Microsoft Office for consumers; and Windows Phone
operating system. Its Computing and Gaming Hardware segment provides
Xbox gaming and entertainment consoles and accessories, second-party and
third-party video games, and Xbox Live subscriptions; surface devices
and accessories; and Microsoft PC accessories. The company’s Phone
Hardware segment offers Lumia Smartphones and other non-Lumia phones.
Its D&C Other segment provides Windows Store, Xbox Live
transactions, and Windows Phone Store; search advertising; display
advertising; Office 365 Home and Office 365 Personal; first-party video
games; and other consumer products and services, as well as operates
retail stores. The company’s Commercial Licensing segments licenses
server products, including Windows Server, Microsoft SQL Server, Visual
Studio, System Center, and related Client Access Licenses (CALs);
Windows Embedded; Windows operating system; Microsoft Office for
business, including Office, Exchange, SharePoint, Lync, and related
CALs; Microsoft Dynamics business solutions; and Skype. Its Commercial
Other segment offers enterprise services, including premier support
services and Microsoft consulting services; commercial cloud comprising
Office 365 Commercial, other Microsoft Office online offerings, Dynamics
CRM Online, and Microsoft Azure; and other commercial products and
online services.
Take a look at the 1-year chart of Microsoft (Nasdaq: MSFT) below with my added notations:
Over the last 2 months, MSFT has been consolidating between a couple
of important price levels. First, MSFT has formed a clear support level
at $45 (blue), which was also a key resistance last year. In addition,
the stock has also been forming a down trending resistance level (red).
These two levels combined have MSFT stuck within a common chart pattern
known as a descending triangle that will eventually have to break one
way or another.
The Tale of the Tape: MSFT is currently trading
within a large descending triangle. A long trade could be made on a
break above the down trending resistance or a pullback to $45 support. A
short trade could be made on MSFT if the stock breaks below the $45
support level.
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