Microsoft – Weekly Analysis

I hope everyone listened to our alert in July. MSFT is already down 14% off the top, and today our focus is on probabilities for reversal.

Btw, if MSFT loses about 30%, it alone would impact NQ by ~3%, S&P by ~2.2% and DOW by ~2%. It’s almost half way there.

The last alert was there: https://investingangles.com/2023/07/31/microsoft-critical-event-msft-microsoft-msft/

In this overview we discuss the candles and candle formations which stock formed on multiple frames, evaluate the latest technical events and their potential impact, use the Elliott Wave and Fibonacci theories for forecasting the mid and long term targets.