Microsoft: ⬇️ Sell
– Microsoft falling inside impulse wave 5
– Likely to test support level 360.00
Microsoft continues to fall inside the minor impulse wave 5, which started recently from the key resistance level 392.50 (which also reversed the price at the end of March) standing close to the 50% Fibonacci correction of the downward impulse from January.
Impulse wave 5 is a part of the strong multi-month downward impulse sequence (C) from last December.
Given the clear daily downtrend, Microsoft can be expected to fall to the next support level 360.00, which reversed the price at the start of April.
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