It looks like a market correction is coming in the next couple of weeks.
I have boxed the next buy zone from 275 to 284. It really depends on how deep the correction is going to be.
Please confirm with price action.
I have boxed the next buy zone from 275 to 284. It really depends on how deep the correction is going to be.
Please confirm with price action.
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Whenever MSFT pops above the top trendline, it tends to come back down to the bottom trendline (see Sept 2020 and Feb 2020) along with a market correction.
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Looks like it is coming down. Just be patient and wait for the entry at around 275-280
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Just a little bit more to my buy zone. I will nimble into this as the market is going down.
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It has just reached the top of the zone at the market close today. Wait to see if it will drop a little bit more to the bottom at around 275.