Microsoft Stock: Potential for Gains in January

Microsoft shares are currently moving sideways, trending upward around the 10-day Exponential Moving Average (EMA) at approximately $485. Provided that the price stays above this 10-EMA, we can expect further price increases in early January.

If Microsoft shares fall below the 10-EMA, the next support level is the 200-day EMA, currently at $480.70, along with the $475 area. The next meaningful resistance lies between $490 and $500. It’s a good idea to sell any long positions in the $500 range, as a downward correction is likely. The outlook will improve long-term if Microsoft shares break above the Ichimoku cloud, currently with an upper limit around $510.

Conclusion:

Traders could consider speculating on a further increase in Microsoft’s share price. A long position using a Turbo Bull open-end certificate (MK1C12) from Morgan Stanley is available. The price target is