$MSFT TOP 20
Added 2023-08-20 19:39:44 +0000 UTC$MSFT and $AAPL are closely linked and we can see that both of them have been under severe selling pressure.
We need to remember that $MSFT ran incredibly extended in its Wave 3....usually Wave 3 runs to the 1.618 Fib, like it has done with $AAPL and $AMZN but we can see on this chart, that $MSFT has been pulling back from above quite aggressively and still has not even reached the 1.618 Fib yet.....like I say over and over, companies share price will always return to the mean.....if a stock goes extended, the market will bring it back down...eventually!
So the 1.618 Fib is at $300 here and the 200 Day MA is at $284.
Both areas offer a lot of value.
