https://www.marketwatch.com/story/microsoft-stocks-post-earn…
Microsoft Corp. reported incredibly strong holiday-season earnings Tuesday afternoon, topping $50 billion in quarterly sales for the first time and beating expectations across the board.
Yet the stock immediately fell more than 5% in after-hours trading, and stayed low for roughly two hours. As soon as Microsoft executives told investors that they expect to reach record cloud revenue and challenge that $50 billion level again in the current quarter, the shares moved reversed course, and ended the extended session up more than 1%.
My charts with redrawn trendlines on the daily chart: