How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 478.57

+0.5%

2:01 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gao seng who wrote (57831)	5/4/2001 2:24:58 PM
From: saju chacko	Read Replies (1) of 74651

don't be tricked by the price action today. despite the fact MSFT is technically past $70 per share, there is still a large resistance at $71. however, the resistance at 71 is less than it was at 69 and 70. the overhead seems to be clearing, but it is clearly quite large. if you look at the price action from late august 99 to mid-december 99 you will see substantial resistance in the 95 area. if you are technically cautious given the mkt environment, as i am, you will factor this line in. also, 120 cannot be called this early on. it cannot be warranted without first establishing some technical or fundamental base. i disclaim myself. dyodd. Saju

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next