Microsoft Corp is on fire this week. The tech giant has managed to close higher for four straight days, even as the Relative Strength Index (RSI) flashes the usual “overbought” warnings. Normally, traders expect a pullback when RSI climbs too high, but this time, buyers are pushing forward with confidence.

Support Holds, Resistance in Sight

Thursday was especially telling. MSFT found solid support at $450.7 a price that acted as resistance back in January. Holding above this level proved the bulls are in control. During intraday trading, the stock climbed 1.2% before profit-taking cooled things down just below a big resistance zone at $456.2. Eventually, MSFT closed the session at $453.06.

Now, all eyes are on the key resistance range between $456.1 and $456.2. If MSFT breaks through this level, it could clear the way for a move toward its all-time high of $468.5. At the moment, MSFT is trading near $453.0 in Friday’s premarket, which means it’s only 3.3% away from setting a new record. A fifth straight green day would be a rare and bullish signal not seen in months.

Volume Stays Strong, Showing Real Interest

One of the most impressive things about this rally is the volume. Instead of fading away, volume has remained consistent all week. That’s a key sign that big investors are still interested in Microsoft, especially after last week’s strong earnings report. Plus, the recent improvement in U.S.-China trade relations has reduced global market fears, which helps tech stocks like MSFT stay attractive.

Overbought, But Not Out

Technically speaking, the RSI being overbought hasn’t stopped this rally. In fact, it’s showing strength, not weakness. Still, if Thursday’s late-day slowdown continues, MSFT might revisit the $450 mark to recharge. This level now acts as an important pivot a launching pad for the bulls.

Caution Flag: Job Cuts Trigger a Dip

Not everything is smooth sailing, though. Reports surfaced that Microsoft is laying off 6,000 employees, which caused some turbulence in the stock’s upward path. After the news, the stock pulled back and tested support at $445. Still, the bigger picture remains bullish. With strong volume, improving global sentiment, and momentum on its side, MSFT is setting up for a possible breakout if it can cross the $456.2 ceiling. Whether the bulls push higher or the stock needs a quick breather, this week has already been a standout for Microsoft.