$MSFT – Microsoft (Last:507.23)

My outlook is still bullish, with a 593.73 target in play that was introduced here last week. This chart offers a different view, however — one that suggests the stock would become an opportune buy when the correction comes down to p=493.67, the midpoint Hidden Pivot of a pattern I’ve cloaked for proprietary reasons.  You should use a trigger interval taken from the hourly to initiate the trade, but it cannot be calculated accurately until the stock is close to p. As of now, it looks like $2.08 TI should do the trick, but a more timely calculation could help to reduce that number. As always, a decisive breach of the midpoint support would shorten the odds of more slippage to the ‘d’ target — in this case 431.89.

Leave a Comment