Here is another look at the monthly chart of Microsoft, which I presented late last year. Note the breakout and perfect retrace, or throwback, to the resistance trendline. If this breakout has legs, I expect bulls to arrive impressively in the next week or two.
It should be obvious that Microsoft is past its fast-paced growth cycle in the 1980’s and 1990’s. However, we are going on twelve-plus years of sideways consolidation now. I do not expect all-time highs anytime soon. However, a run into the $30’s is attainable if this throwback holds true.