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Will Microsoft hit a new all-time high this week?

Will Microsoft hit a new all-time high this week?
Stock market
Ansh Rathod
Author
Ansh R.
Dec 11, 2021, 11:51 AM
  • It is looking like the correction is over and MSFT has started its rally towards a new all-time high.
  • MSFT has a strong support level at $328, thus any long entries should be taken only above the support zone.
  • Investors can aim towards a new all-time high, however, they must be cautious by setting a stop-loss.

Microsoft (NYSE: MSFT) was closed over 2.8% higher on Friday, bulls were in clear control after a gap-up at the opening. MSFT looks to be gaining momentum for a rally after huge buying volumes were seen on Friday. MSFT saw a sharp rally in its price in October where it surged by over 17%, after which MSFT started its correction in November. It is looking like MSFT could be ready to start a fresh rally after the correction, as it has recovered strongly from its lows in November.

Many investors are now looking for opportunities to enter MSFT in hopes of a new all-high soon, however, is it too late to buy MSFT now?

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