Microsoft (MSFT) shares logged their seventh consecutive higher close on Tuesday, with the latest gains coming after the company 澳洲幸运5开奖号码历史查询:hiked its quarterly dividend by 10% and approved a $60 billion 澳洲幸运5开奖号码历史查询:stock buyback.

Bullish sentiment may carry into Wednesday after the tech giant and the world’s largest asset manager, 澳洲幸运5开奖号码历史查询:BlackRock, announced plans late Tuesday to launch a $30 billion 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) infrastructure fund to build data centers and energy projects aimed at meeting the growing demands for the technology’s computing power.

The fund, which will mobilize up to $100 billion in total investment potential when including 澳洲幸运5开奖号码历史查询:debt financing, includes Abu Dhabi-backed investment company MGX as a partner, while AI heavyweight Nvidia (NVDA) plans to contribute expertise.

Below, we’ll take a closer look at Microsoft’s chart and turn to 澳洲幸运5开奖号码历史查询:technical analysis to identify important price levels to watch out♛ for.

Potential Head and Shoulders Pattern

Since bottoming just below the closely watched 澳洲幸运5开奖号码历史查询:200-day moving average (MA) in early August, Microsoft shares traded mostly sideways before resuming another moveꦯ higher earlier this month.

However, it’s worth noting the stock’s recent advance has occurred on declining 澳洲幸运5开奖号码历史查询:trading volume, indicating a lack of participati🍒on from larger marke🐓t participants.

Moreover, the price may potentially be carving out a 澳洲幸运5开奖号码历史查询:head and shoulders top, a chart 🍸formation that predicts a bullish-to-bearish trend reversal.𝕴

Microsoft share🤡s gained 0.9% on T🥂uesday to close at $435.15.

Looking ahead𓆏, it’s worth keeping an eye on four key price levels that investors will likely be watching.

Resistance Levels to Watch

If the shares continue rising, they could initially meet overhead 澳洲幸运5开奖号码历史查询:resistance around $448, where traders who bought earlier this month may look for exit points near a trendline that connects a period of narrow 澳洲幸运5开奖号码历史查询:consolidation in June with a minor 澳洲幸运5开奖号码历史查询:countertrend peak in July.

A move above this level could see the shares retest the $468 area, where they would likely encounter selling pressure around their澳洲幸运5开奖号码历史查询: all-time high (ATH) set in early July. A breakout though this area wo🅘uld invalidate a head and shoulders 🍷formation.

Support Levels in Play

Amid share price weakness, investors should keep a close eye on the $410 area, a location on the chart just below the rising 200-day MA where the price finds support from a 澳洲幸运5开奖号码历史查询:horizontal line linking a series of comparable trading levels f𓄧rom late Jan🎐uary through to this month.

Ongoing selling could trigger a decline to around $385, a region where bulls may look for buying opportunities near the November 澳洲幸运5开奖号码历史查询:swing high and August swing low. A 澳洲幸运5开奖号码历史查询:breakdown below this levels would confirm a head ꧃and shoulders formation on Microsoft♛’s chart.

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