The Long Investor
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$MSFT TOP 20
🕑 Added 2025-03-02 19:40:32 +0000 UTCThe $408 level lost on Tuesday and we have been watching this level for over 6 months now, knowing that if this level is lost there would be a drop down to the next support level which would likely be the support held in August '24.
This is exactly what happened at $386
Losing this red line and the ABC correction is confirmed and this is worth watching for a further drop down, with the opportunity to buy in the Buy Zone at $350 or below.
Many members would be interested here, $MSFT has done nothing wrong but has fallen out of favour with the masses, as their upside potential was seen as limited until a pull back completes and I agree.
Bulls best case scenario is a consolidation sideways above $386.
