Blue screen for Microsoft?

Wrote a post on Microsoft Jan. 28 after a BIG gap down. Here is the link. A support line is being traced on the 40 level. The monthly candle 10 year chart is showing the carving out process of a top formation. The arrows are the implied measured moves added to the breakout lines.

msft_m

The weekly candle 5 year chart shows the two cases, bullish and bearish. Right now, we are closer to testing the bearish case for Microsoft.

msft_w

Zoom in on the daily candle 1 year shows us the price action testing the important breakdown line.

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My alerts are set. I’ll get back to this when one is triggered. Some more cooking might be needed before a breakdown OR an eventual breakout, either way, I’ll be ready!

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