$MSFT TOP 20
Added 2023-05-01 05:08:32 +0000 UTCThis has been the crown jewel lately, back to back positive indications and reports, with remarkable progression across a number of markets it is in. Very strong bounce from their earnings, bursting straight through the yellow channel and the standard Wave 3 1.618 Fib level, so we will see how far this can move up before getting a well needed pull back for Wave 4 before going higher.
You can see from the RSI and MACD how their very good report altered their trend and acted as a catalyst to change its momentum, this is why earnings reports are so important.
So What Now?
A good buy position would be at Wave 4, I would not encourage any chasing right now after such a strong bounce.
