$MSFT TOP 20
Added 2024-03-30 22:38:04 +0000 UTCLast week I said that we needed to see how $MSFT handles the retest of the 2.618 Fib at $421, that if it could hold this level then it could potentially go as high as $458.
But what we saw was a retest and failure to hold the level and the price just finished below at $420 to end the week.
This is not confirmation that the $421 level is lost right now but it has failed the first retest.....Monday is the first day of trading in April and in Q2, so there could be an air of optimism around and $421 could be regained easily.
But if there continues to be a rejection at this level from early next week.....and especially losing the 50 Day MA just below at $410, then we could be seeing the start of the correction, as we saw with $AAPL.
$MSFT at our Wave C target below $322 would be very attractive.
