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Microsoft’s managed to make a local high at 26.86 but lost momentum and down move extended further Friday after the top. Stock is currently trading in the middle of the symmetrical triangle and our vision for next week bias is neutral. Recovery to continue price must break above 26.86 resistance level, break above it would send price towards upper leg of the triangle. Break above the line and of 28.16, would extend the recovery targeting 31.50 level. However on the downside, break below of the key support level at 24.65 would be in favor for down move targeting 23.68 and flip back the bias to bearish. Further decline could be seen after price drop below this support.
