Microsoft buy zone for upcoming correction
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It looks like a market correction is coming in the next couple of weeks.
I have boxed the next buy zone from 275 to 284. It really depends on how deep the correction is going to be.
Please confirm with price action.
I have boxed the next buy zone from 275 to 284. It really depends on how deep the correction is going to be.
Please confirm with price action.
Note
Whenever MSFT pops above the top trendline, it tends to come back down to the bottom trendline (see Sept 2020 and Feb 2020) along with a market correction.Note
Looks like it is coming down. Just be patient and wait for the entry at around 275-280Note
Just a little bit more to my buy zone. I will nimble into this as the market is going down.Note
It has just reached the top of the zone at the market close today. Wait to see if it will drop a little bit more to the bottom at around 275.
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