The stock, still a sensible bellwether for the bull market, has bounced 12.5% since bottoming two weeks ago at 349. The low fell somewhat shy of a 339.27 target, but I expect it to be achieved nonetheless before the stock can put in a solid low. That’s because sellers made such short work of the 402.80 midpoint Hidden Pivot support the first time they encountered it on the way down. Alternatively, if the stock comes bolting out of the gate when the new week begins and then closes above 402.80 for two consecutive days, take it as a sign that it’s headed for a minimum 434.56 (x, the green line).
MSFT – Microsoft (Last:385.04)