MSFT – Microsoft (Last:444.12)

The stock spent most of the week lollygagging near the 457.04 ‘secondary Hidden Pivot’ of the bearish pattern shown.  Its eventual  target is 444.89, a $15 fall from here. However, the breach of p was such a laborious affair that I cannot guarantee that it will be achieved.  But if p2 is decisively exceeded to the downside, or if the stock closes for two consecutive days beneath it, odds of further fall to 444.89 would shorten significantly. For now, 444.89 should be viewed as a worst-case low for the near term. It is also a back-up-the-truck number for bottom-fishing, since even with the somewhat obvious pattern, D=444.89 cannot possibly give way without a struggle. ________ UPDATE (Jan 21, 5:57 p.m.): After the stock MSFT has put in a tradable bottom at or very near 431.89, the rally along a big-picture C-D leg would have the potential to reach 593.79. Seems farfetched, I know, but the stock will face a test we can rely on near 469.29, a major midpoint Hidden Pivot that coincides with the 2024 top. Neither of those Hidden Pivots exists yet, and their exact, respective locations will depend on where the actual low occurs. Please note that the time stamp for this post, along with the last price, come from my update in the chat room yesterday.