$MSFT TOP 20
Added 2023-03-19 20:22:35 +0000 UTC$MSFT has looked the strongest of all of the Mega Cap stocks for a number of weeks now and we've identified that the AI craze has a lot to do with this and its probably a fair effect too, their acquisition of ChatGPT was a terrific steal and while others where focusing on building their own AI software, they focused on acquiring a company that was already years ahead, with a very professional team.
Two concerns, first, it is exactly at Wave C now and secondly, the RSI is at the oversold point and if we look at when $MSFT was at this point before, we can see that it came crashing down afterwards and even made a new low, this may happen if the macro conditions of the market take over, for now, $MSFT is fighting to stay strong but panic and the contagion may worry many and bring this down....making this a very good buy if that happens.
Comments
Yep, so if it’s Wave C, we will expect to see 5 waves down next and should bring us into the buy zone. Up to the market now to decide which way it will go next
Gareth Neary
2023-03-20 13:18:57 +0000 UTCIf this is an ABC count, will we expect to see the Buy Zone in play next?
BHelmsUNC
2023-03-20 13:17:49 +0000 UTC
