MSFT - Nothing to see hereMicrosoft´s drop from all time highs has been following a well defined channel.
Bulls may be excited by the bounce from 61.8% pullback (at channel support), the price hasn´t still followed through and there was a rejection at 254 resistance and channel resistance.
This sideways ranging price action doesn´t give us any opportunities right now. It is also probable that $200 will be tested.
I´ll wait for a break of the channel to look for long trades.