The Long Investor
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$MSFT TOP 20
🕑 Added 2025-04-13 18:29:33 +0000 UTCFor the last few months we spoke about $MSFT looking like it could drop down below the blue line at $349 and it happened this week when it dropped down to $344.
I believe some members have had buy orders in at this price and took advantage of this and the price is back to $388 now already.
There is only one bounce so far, so we need to see more price action to confirm that the correction here is complete and this too can go as high as the 50 WMA which is at $420 right now
We will see if this is bouncing for 3 waves or 5 waves to confirm its next direction.
Comments
Jags
Thanks Cap for your guidance !
Gareth Neary
I could only share the weekly chart but when I see a movement towards a higher low next then I will update this chart again
Jags
When you say "There is only one bounce so far", how can we locate it on the chart? particular candle?
