If you zoom out on the 4hr chart of MSFT you will see a nice double top pattern. Will this area hold? I think so! This looks like an excellent area for bears to step in and take it back down to support. Retrace, consolidate, build the "handle" then decide which direction it wants to go.
First target $350 , I think if there is another push higher, its purely a liquidity grab to take it much lower.
Second target $340
First target $350 , I think if there is another push higher, its purely a liquidity grab to take it much lower.
Second target $340
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.