Hey everybody, I hope that rally didn't kick your arses the way it did mine. You know, it's like I'm allergic to taking upside atm due to how bearish the MACRO is. Of course, with time, I'm going to assume I get most of my downside Price Targets in the next several years.
If you refer to the previous 23% Run to the 200DMA from the 50day in 2023,
MSFT produced a 9 COUNT SELL SIGNAL, RALLIED for a week, and then dropped to new lows. That is what I am expecting here.
MSFT looks absolutely ripe for the taking. We just rallied 17% and got the 9 COUNT SELL SIGNAL. Mind you, Gaps galore below. The Monthly and the Weekly both have Gaps. Charts do not like that, let me tell ya. I'm excited if you can't tell.
META and
AVGO look great as well. I'm still cautious about a spike out but I figure if we continue higher, i will have opportunity to grab more for cheaper as I am very confident in this move. The price moved above the DEATH CROSS and above the 200DMA. Not ever a healthy move if it moves Vertically from the 50 day and Crosses above both MA's without a stop. Mid June
MSFT should be at new lows.
If you refer to the previous 23% Run to the 200DMA from the 50day in 2023,
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