$MSFT (1W) - BEST DEAL in 11 years? Or the BIGGEST TRAP?Microsoft CorporationBATS:MSFTColdBloodedCharterMSFT (Microsoft) reports earnings after tomorrow's market close, and the weekly chart is sitting right around the 200 MA. Normally, companies of this quality only revisit the weekly 200 MA once every few years. The stock has corrected back to roughly its all-time high from five years ago, and based on its P/E ratio, this is the most attractive valuation in 11 years. Definitely worth paying attention. Tomorrow's report will largely come down to Azure. It's Microsoft's primary growth engine and the biggest beneficiary of the AI boom. The market expects Azure revenue growth of around 40%, so that number, together with management's guidance, will likely determine the stock's initial reaction. Another key area will be the return on Microsoft's massive AI infrastructure spending. Investors will be watching CapEx efficiency, future investment plans, and the size of the commercial backlog. In my opinion, this is the most important earnings report of the week. From a technical perspective, the stock is trying to find support at the rising weekly 200 MA. There are some early signs of a potential bottom forming, including a possible double bottom accompanied by a bullish RSI divergence. Fundamentally, Microsoft remains an exceptionally healthy business trading at one of its most attractive valuations in over a decade. The long-term setup looks compelling. That said, the bar is incredibly high in this market. Good results may not be enough. Earnings have to be close to perfect, otherwise investors continue to prefer holding cash and the U.S. dollar. 👽💙