$MSFT TOP 20
Added 2023-11-05 22:06:30 +0000 UTCI uploaded this towards the end of the week but it is worth mentioning again just how strong $MSFT is looking and has been leading this market reversal.
Also $MSFT is only $14 away from making a new All Time High which is remarkable considering all of the macro influences right now.
The price action also finished above the blue line this week too and it is difficult to say if Subwave 2 came in around the 20th of October but personally I do not believe it has and the 50 Day MA is in between the 0.5 and 0.618 Fib right now at $327, so this will be an interesting area to watch for a pull back and possibly adding to your position.
$MSFT has been easy money over the last month.
Comments
If we use this $msft chart as an example, we can see we are coming to the end of wave 5 of a larger trend and expect a bigger corrective at the end of the year. Can you explain the expected levels for the ABC pullback you think will happen? Also, when the correction is finished,do you expect the upwards trend to continue in a new impulse? I would assume so as Microsoft is an extremely healthy company with great fcf, growth on multiple fronts etc. But what would be the signs in the chart that a correction might be the beginning of a shift to a descending major trend?
Jesse Gaffey
2023-11-05 22:17:47 +0000 UTC
