• Microsoft broke resistance level 240.00
• Likely to rise to resistance level 245.00
Microsoft recently broke the resistance level 240.00 (which is the upper boundary of the sideways price range inside which the price has been trading from last month).
The breakout of this price range accelerated the active minor impulse waves (iii) and 3.
Microsoft is likely to rise further toward the next major resistance level 245.00 (which stopped the previous sharp impulse wave 1 in the middle of February).
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