Microsoft: ⬇️ Sell
– Microsoft reversed from resistance zone
– Likely to fall to support level 508.00
Microsoft recently reversed down from the resistance zone between the key resistance level 546.00 (which stopped impulse wave (1) in July), resistance trendline of the daily up channel from September and the upper daily Bollinger Band.
The downward reversal from resistance level 546.00 started the active short-term ABC correction 2.
Having just broken the aforementioned up channel from September, Microsoft can be expected to fall to the next support level 508.00, target price for the completion of the active ABC correction 2.
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