MICROSOFT: The Support that turned Resistance targets $290.
By:TradingView
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Microsoft / MSFT is getting rejected in the past 3 weeks on the trendline that was once a Rising Support, now turned Resistance.
Having reached the 0.5 Fibonacci level, it resembles the July-Aug counter trend rally of the 2022 Bear Cycle.
That eventually bottomed on the 1.382 Fibonacci extension.
Perfect sell entry here, Target 290.
Follow us, like the idea and leave a comment below!!
Having reached the 0.5 Fibonacci level, it resembles the July-Aug counter trend rally of the 2022 Bear Cycle.
That eventually bottomed on the 1.382 Fibonacci extension.
Perfect sell entry here, Target 290.
Follow us, like the idea and leave a comment below!!
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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