$108 price for MSFT was always a strong support level but it just caved in. $106 is not optimal for MSFT, It was only good in October because that was a new bottom for MSFT at the time but we have a newer low now which is $103 which I expect to see in the coming week(s). If no bounce with the new bottom of $103 next support will be $98.
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WE ARE AT SUPPORT LEVEL IF WE LEAVE $104 WE ARE GOING TO $100.
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100 HERE WE GO! BEST TIME TO BUY MSFT RIGHT NOW! DECEMBER IS THE BEST MONTH FOR STOCKS TO HAVE A COMEBACK! ILL BE GOING IN NOW!
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If we don't stay above $104 after market close we are going back down to $100 and
eventually down to $98.
eventually down to $98.
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Had my stop loss set up at $104. $104 did not hold, Its going to get ugly next week. Target price is $98 now.
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Reverse H&S is starting to form for MSFT which can mean this stock will go back up to $112 mark. BUT we aren't near previous $108 support, which is no longer reliable at this point so MSFT is way too volatile at the moment. IF reverse H&S forms it last shoulder we can start seeing MSFT highs again.
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LOOK FOR $104 SUPPORT ON MONDAY, WE LOSE IT WE NOSE DIVE TO $100 AGAIN AND THEN MAYBE HIGH 90S.