$MSFT TOP 20
Added 2024-09-08 16:29:33 +0000 UTCLast week we spoke about our concern for $MSFT as it was looking like it would lose its 200 Day MA as the other Mega Caps were not looking as weak, this week we saw a clear loss of the 200 Day MA but the price action managed to finish the week on its 0.618 Fib at $401, so finished the week exactly on this support level
Bulls are fully aware of the significance of that support level.
Losing this level and its August 5th low and $MSFT will meet the same fate as $GOOG and retest its 0.38 Fib at $370 next
Bulls will need to step in here quickly on Monday or Wave A looks to complete at the 0.38 Fib
