$MSFT TOP 20
Added 2024-08-04 18:43:19 +0000 UTC$MSFT has been a pillar of stability over the last 2 years so it is worth paying attention to how it moves to understand how the market is behaving, I believe it is a fair representation of the general market and it has moved exactly with it.
Price dropped through the 50 Day MA and did not retest, which is rare and the price action dropped exactly to its 200 Day MA to finish the week.
Like I said under the $AMZN post, it is common to see Wave A complete on the 200 Day MA but we will need to see more price action to confirm that this is the case.....by tomorrow we will have more information, but a Wave B bounce will come soon.
Interesting to see the 0.5 Fib at $340, very close to the previous all time high line before this bull market making this a confluence level and an area to start adding.
