$MSFT TOP 20
Added 2024-11-30 14:01:04 +0000 UTC$MSFT is holding above the $408 level for 4 months now in a strong show of strength from the Bulls defending this line, the price action has been oscillating around the 50 and 200 Day MA too during this time.....because the consolidation period has been so long, the 50 and 200 Day MA's are both at the same level
I feel a direction will need to be taken shortly and if the market does melt up, it may be the extra help that the bulls need here.
We said that the market can't melt up without $AAPL, $GOOG and $MSFT and it appears as tho they are answering the call
$MSFT can still bounce up to the Green line at $470 and stay in a corrective wave but will drastically help the market.
Comments
The weekly 50 MA appears to be acting as support for $MSFT
Ming
2024-12-01 21:35:20 +0000 UTCWould still need to see that wave count
Gareth Neary
2024-11-30 18:37:56 +0000 UTCEl Captain, could MSFT be correcting through time? 4 months is an awfully long time to be in that narrow wedge no?
Shaleen Deep
2024-11-30 14:14:40 +0000 UTC
