Microsoft stock price performed well in the past few months due to the craze of ChatGPT and Artificial Intelligence. The broader market indices Nasdaq composite has also performed well which positively impacts the market sentiment.
MSFT stock price is in a strong uptrend so the possibility of big downside remains low. As per the price analysis, $322 is likely to act as strong support.
Till the time Microsoft stock sustains above $322 the probability of bounce back will remain high. However, if the price drops below $322.00 then the short-term trend will reverse downward.