While Mag 7 stocks recently rebounded, MSFT has entered a period of consolidation.
In recent history bull runs resolve in >30% corrections after hitting Fibonacci multiples, with the bottoms forming a clear support trend line (Dec 18, Mar 20, Oct 22 & Jan 23).
If MSFT loses the support @ $400 the stock may enter a multi-month correction cycle before finding support @ $300 for a 30% correction from ATH.
Sell trigger is Weekly RSI below 50.
Inversely if resistance of 430 is broken it would allow bull continuation with 470 & 525 next Fib targets.
In recent history bull runs resolve in >30% corrections after hitting Fibonacci multiples, with the bottoms forming a clear support trend line (Dec 18, Mar 20, Oct 22 & Jan 23).
If MSFT loses the support @ $400 the stock may enter a multi-month correction cycle before finding support @ $300 for a 30% correction from ATH.
Sell trigger is Weekly RSI below 50.
Inversely if resistance of 430 is broken it would allow bull continuation with 470 & 525 next Fib targets.
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