Microsoft (MSFT) appears to have completed a textbook Elliott extended five wave pattern.
If so, the next bear phase could ultimately take the stock down to the bottom made in October 2022. CCI has a bearish divergence with RSI deep in the overbought zone. This is frequently a signal for a potentially large decline.
The first support is in the 310 to 325 area.
If so, the next bear phase could ultimately take the stock down to the bottom made in October 2022. CCI has a bearish divergence with RSI deep in the overbought zone. This is frequently a signal for a potentially large decline.
The first support is in the 310 to 325 area.
