Microsoft stock price gains ahead of Q1 earnings results

Microsoft (NASDAQ: MSFT) stock has advanced from $204 above $223 in less than several weeks and the current price stands around $213. Microsoft has found strong support above $200 but the price is still not able to surpass $230 resistance. Fundamental analysis: The pandemic has only solidified the position of Microsoft further Even with the COVID-19 pandemic, the business of Microsoft is going well and the company will have a rise in revenue for the next fiscal year. Microsoft launched Azure Communication Services recently that will compete with Twilio and Amazon. This service allows developers to add video, voice, chat,