Take a look at this Microsoft price level when shares on the KI -Cloud growth increase

The shares of Microsoft (MSFT) rose on Wednesday in extended trade after the Windows Maker issued the results and instructions in the third quarter that exceeded Wall Street expectations. reinforced by strong growth in his cloud business.

CEO Satya Nadella said that the company's intelligent cloud segment, in which its Azure Cloud Computing platform is housed, continues to benefit from the need for companies to expand the products, reduce costs and accelerate growth.

While the Microsoft shares have risen by 15% from their April low, they have remained 6% since the beginning of Wednesday. As with other major technical names, the concerns about the comprehensive tariffs and a reduction in AI editions continued to be the mood of investors.

The Microsoft shares rose by almost 7% to around $ 423 after business time.

In the following we take a closer look at Microsoft's diagram and use the technical analysis to identify the most important price levels.

Test a successful falling wedge

After a successful repetition of the top trend line of a falling wedge pattern, Microsoft Shares organized a sharp train that led to the Tech-Riese report, which the stage may have set up for a longer-term bullish reversal.

It is also worth noting that the shares on Wednesday have had their highest trading volume for three weeks, which indicates that larger market participants and institutional investors and hedge funds were positioned for a significant move after maintenance.

Let us analyze the diagram of Microsoft in order to identify two important overhead areas and at the same time indicate decisive support levels that are worth monitoring in future retracements.

To observe important overhead areas

The first overhead area that can be seen is around 442 US dollars. This level can offer resistance near a trend line that combines about several peaks, which formed on the diagram between September and January.

In the event of a decisive conclusion above this level, Microsoft -Shares can increase towards 468 US dollars. Investors who have accumulated stocks at a lower price can search for winning opportunities at this location near the record of the stock of last year.

Decisive support levels worth monitoring

During future retreats, it is worth pursuing the closing course on Wednesday on Wednesday on Wednesday. In this area in the table, the sales pressure was triggered from the falling wedge pattern in the last month around late March against Hoch- and mid-April Peak after the first outbreak of the stock.

Finally, a deeper withdrawal could visit Microsoft Shares lower support of 359 US dollars again. Investors in this region near the trough of the past week can search for buying opportunities that are just above the significant swing this month.

The comments, opinions and analyzes that were expressed on investopedia are only used for information purposes. For more information, see our disclaimer for warranty and liability exclusion.

Until the date on which this article was written, the author has none of the above securities.