Microsoft Still Has 20% Upside To $175/Share

Shares of Microsoft have been on an incredible run in 2019, rallying more than 45%. While the rally might look stretched, there is still room for Microsoft to rally 20% higher from today's level. Looking at the fibonacci extension levels from the dot-com era high and the 2009 low, the 423.6% extension level at $175 is a clear magnet for the stock. This has broad implications for equities in general: This 10+ year bull market is not ending anytime soon.

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