$MSFT TOP 20
Added 2023-12-04 16:48:44 +0000 UTC$MSFT is pulling back very well here and we can clearly see the confluence level happening here on the chart.
The price is moving to the 0.38 Fib (which is the perfect area to pull back for a wave 4) and the 200 Day MA is just moving up to this level too. So a hold here and this could be a good spot to add to catch the next move up.
But only if support is found, if it does not hold, wait to enter.
There is still a possibility that this bounce from $310 is just SubWave 1, like the other Mega Caps we watch regularly and this could pull back more, at least to the blue line at $349 for SubWave 2....so no rush here, wait for confirmation.
