$MSFT TOP 20
Added 2023-04-23 15:44:42 +0000 UTCLike a number of the Mega Cap stocks, the indicators are showing a reversal to the downside, this is very clear here on the RSI and the MACD. It has also struggled to break above the yellow trend line in this bear flag. We said last week that we are watching for the pull back, it has started already but where it can find support is important, it needs to hold above the blue line if it is to go higher for Wave 5.....a negative earnings and this could move to the downside and not complete Wave 5.
So What Now?
Like $AAPL, is this a buy for me right now? It is a clear No in this set up, too many red flags and bearish indications, I at least expect the pull back to continue, if it can hold the Wave 4 spot at the 1.0 Fib level and stay above the blue line, this will look attractive.
