MSFT looks good but be careful
MSFT is recovering from a huge drop a few weeks ago. It has formed a higher low, and now we need to see a higher high (check the right shoulder of the H&S pattern). If we see a higher high, we can safely say that we have a continuation of the uptrend, with a likely target of an all-time high (ATH).
However, if MSFT drops and falls below the neckline, it could be the end for MSFT for years. MSFT has formed a huge H&S pattern with a neckline around 400. So, there are several significant support levels: the round number 400, the neckline, and the trendline from 2022. If MSFT drops below these, it could be disastrous.
However, if MSFT drops and falls below the neckline, it could be the end for MSFT for years. MSFT has formed a huge H&S pattern with a neckline around 400. So, there are several significant support levels: the round number 400, the neckline, and the trendline from 2022. If MSFT drops below these, it could be disastrous.
Consistency is the key of success....
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