Microsoft (MSFT) shares logged their seventh consecutive higher close on Tuesday, with the latest gains coming after the company 澳洲幸运5官方开奖结果体彩网:hiked its quart﷽erly dividend by 10% and approved a $60 billion 澳洲幸运5官方开奖结果体彩网:stock buyback.

Bullish sentiment may carry into Wednesday after the tech giant and the world’s largest asset manager, 澳洲幸运5官方开奖结果体彩网:BlackRock, announced plans late Tuesday to launch a $30 billion 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网: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官方开奖结果体彩网:technical analysis to identify important price levels to watch out𓆉 for.

Potential Head and Shoulders Pattern

Since bottoming just below the closely watched 澳洲幸运5官方开奖结果体彩网:200-day moving average (MA) in early August, Microsoft shares traded mostly sideways before𒐪 resuming another move higher earlier this month.

However, it’s worth noting the stock’s recent advance has occurred on declining 澳洲幸运5官方开奖结果体彩网:trading volume, indicating a lack of participation from larger market🍰 participants.

Moreover, the price may potentially be carving out a 澳洲幸运5官方开奖结果体彩网:head and shoulders top, a chart formation that predicts a bullish🥂-to-bearish trend reversal.

Miꦜcrosoft shares gained 0.9% on✃ Tuesday to close at $435.15.

Lookiꦇng ahead, it’s worth keeping an eye on four key price levels that investors will likely be wa𝐆tching.

Resistance Levels to Watch

If the shares continue rising, they could initially meet overhead 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:consolidation in June with a minor 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网: all-time high (ATH) set in early July. A breakout though thi♚s area wou🦄ld 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官方开奖结果体彩网:horizontal line linking a 𝕴series of comparab💙le trading levels from late January 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官方开奖结果体彩网:swing high and August swing low. A 澳洲幸运5官方开奖结果体彩网:breakdown below this levels would confirm a head and shouldꦕers formation on Microsoft’s chart.♕

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