I’ve left plenty of room for another big leg down, but also for a test of a promising midpoint Hidden Pivot support slightly below, at 378.18. It cannot but reveal how much more selling remains to be done in a bear market that has already seen MSFT’s value fall by 31% from the record 555 achieved last July. If the stock continues to fall to the 333.67 target, that would equate to a 40% drop from the top. There is an additional number worthy of our attention: 355.16. That is the ‘D’ target of a smaller pattern capable of producing a lasting bottom, and it should be used as a minimum downside projection for the near term.
MSFT – Microsoft (Last:383.51)
