$MSFT TOP 20
Added 2023-04-09 20:11:19 +0000 UTCStill in this bear channel/wedge and a pull back is needed and due, could it run a little further to $300 at the 1.618 Fib and then pull back, it is definitely possible, this would likely make this bullish.
A rejection at the upper bear channel and even a break down of the bear channel over the next few weeks, this would of course not be good for the bulls.
So What Now?
I do not buy when the RSI is extended at 70 here, nor when a set up is extended like this, the only point I would consider a buy is when this pulls back and holds $269 for Wave 4 and if it entered the buy zone.
