$MSFT short term consolidation within a upward trending channel

MSFT stock price has stagnated since Aug 2024. Since hitting a peak of $ 468 in July 2024 the MSFT stock has been consolidating sideways. But the stock is still within the upward sloping channel in a weekly price chart. We are bullish if the price is above the midpoint of the upward sloping regression channel which lies $380.
We should remember from Louis Yamada that ‘The bigger the base, the higher in space’. So, the consolidation in MSFT can result in a major breakout. The daily Fib retracement of 0.236 lies $ 406. Accumulate MSFT between $406 and $380.