$Microsoft(MSFT.US) This chart of yours is the daily K-line chart of Microsoft (MSFT).

I'll give you the conclusion directly:

"A stage bottom is forming, but it cannot be said to be fully confirmed."

Let's break it down (to put it simply, without being too academic):

① The low point has already emerged

It hit a low of 392.32, followed by consecutive rebounds.

This level is a clear panic release zone from the earlier period, which can be considered an "emotional low."

✔ Signs of a halt in the decline

✔ Emergence of a rebound structure

✔ Multiple instances of finding support around 390

② What stage is it in now?

Currently, it is:

Downtrend → Consolidation and bottoming → Attempting a reversal

But it still lacks one key thing:

👉 A volume breakout above the 410-420 range

If it cannot effectively hold above this area,

then it's just "range-bound consolidation at the bottom," not a trend reversal.

③ Technical conditions for confirming a bottom

To truly confirm a bottom, one generally needs to see:

No further break below 392

Formation of a higher low (Higher Low)

Volume breakout above the short-term downtrend line

Moving averages starting to turn upward

Currently, only half of the first condition is met.