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MSFT Lost Support at the Light Blue Trendline

MSFT is trading in a tight range between the green support line and the red resistance zone. During this recent downtrend MSFT lost support at the light blue trendline, and this light blue trendline is acting as short term resistance around $405.36. I would monitor to see if MSFT can reclaim support above the light blue trendline, and I have the red resistance zone as a key resistance target on the way up as MSFT attempts to form new ATHs.

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