Microsoft (MSFT) Stock Chart Analysis
This article is a Microsoft (MSFT) stock chart review and analysis. Before the review though, let's reminisce. I was a Microsoft user since 1988 and have used just about every operating system they have offered from then until Windows XP. Hands down, Windows XP was the best Microsoft operating system that I used.
Back in 1988, I remember going in and adjusting DOS commands. The 2 megabytes of motherboard memory just wasn't enough for some of my newer games, particularly this new dungeons and dragons type game which lasted several semesters up at school.
Yes, that was megabytes I mentioned previously, not gigabytes. And 2 megabytes was quite a bit "back in the day", but it still couldn't handle the newer dungeon game I was always inclined to play.
My last windows machine was a 2005 Toshiba laptop. At least, I think it was a 2005. It featured a wide 17" screen that I liked for gaming. The price was over $2k at the time (I think closer to $3k) as it included the new software package called "Windows Media" software.
It also had a dedicated video card, something most laptops did not have at the time. Dedicated video graphics cards were usually reserved for desktop machines. The laptop had a TV tuner built in along with the ability to DVR shows. However the media software never lived up to its hype in my opinion.
In February 2013, my wife purchased a MacBook laptop for my Christmas and birthday gift combined. I have not used a Microsoft product since. But I will not let that influence my opinion in this Microsoft (MSFT) stock chart analysis and review. Mr. Softy will always hold a special place in my heart from my early computing days. I even still use the above laptop to produce some invoices for my monthly client, the large 5.5 billion dollar pension fund whose monthly financial statements I review.
Enough with my windows background and migration to Apple products, let's get on to Mr. Softy's charts!
MSFT - Point & Figure Chart
This first chart is a Point & Figure (P&F) chart for Microsoft. Let's see what the tic-tac-toe looking charts have to say about any price objectives for MSFT's share price.
The first chart on the left is based on the share price intra-day highs and lows while the second chart on the right is based on closing share prices only.
The P&F Chart based on share price intra-day highs & lows reflects a bullish price target of $84. The price target for the P&F Chart based on closing share prices is slightly higher, it reflects a bullish price target of $99.
The important take-away from the above P&F charts is that…......
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I review the upside price targets from the P&F Charts using other methods of technical analysis to see if the lofty price targets can be supported by any other analysis methods. Pullback areas that should provide support in the event of a continued market correction are also reviewed.
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