  microsofts bold 69 billion bid to acquire gaming giant activision blizzard has sparked a legal battle with the united states federal trade commission ftc which argues that this merger could hinder competition in the online gaming market   parallel to this legal conflict microsofts stock price is wrestling with the 350 mark a resistance level that has stood firm since november 2021   microsoft declined by 6 after failing to break past 350 and is currently holding at support before the next attempt at the alltime high microsoft corp msft the tech industry giant has made a bold move with a 69 billion bid to acquire gaming powerhouse activision blizzard however this unexpected merger has caught the attention of the united states federal trade commission ftc which believes it could harm competition in the online gaming arena as legal battles unfold another intriguing battle is taking place between microsofts stock and the 350 psychological resistance level since november 2021 the 350 stock price level has been a significant obstacle for microsoft in that time the stock has experienced a substantial 38 drop before finally finding support in november 2022 it took seven challenging months for the stock to recover and since then buyers have been pushing to reach new recordbreaking heights on june 16th there was an attempt to reach the 350 peak but the price faltered and retreated 6 to the 20simple moving average sma level it is currently holding up at this level and there is anticipation for a bounce back if there is enough momentum there is a possibility that microsofts stock could surge past the coveted 350 level microsoft has historically shown impressive performance in bullish trends from 2009 to 2021 the company experienced an incredible price rise of 2200 now if microsofts stock surpasses 350 we may witness another promising bull trend investors who seize the opportunity to join the potentially unfolding trend can anticipate significant longterm profits however the unresolved legal battle with the ftc represents a significant unknown variable this could have implications not only for microsofts stock price but also for the general perception of the company as a tech industry leader the outcome and impact of the ftcs challenge are yet to be determined including its potential effect on the stocks trajectory towards and potentially exceeding 350 after the closing bell on tuesday june 27 the stock closed at 33457 trading up by 182