In just 6 weeks MSFT managed to lose about 15% of its value and I hope everyone was vigilant and watchful after our alert on July 31st.
Obviously, the biggest question is about the future and today we will interpret the candles and signals and indicate the levels to watch next week, particularly on August 31st.
The chart below was publicly shared at the beginning of July.
By the way, if MSFT loses about 30%, it alone impacts NQ by ~3%, S&P by ~2.2% and DOW by ~2%.
The alert on July 31st: 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 mid and long term targets.
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