MSFT: Generational Buying Opportunity incoming
Maybe not generational, but a significant bounce across all markets is going to happen towards the end of 2022, Q1 2023. The companies that run every aspect of our lives will be on a >50% discount across the board.
MSFT could be trading in a WXYXZ correction with bottom targets around the two clusters of fibs at $186-$195 and ~$165. Looking at the fixed volume profile, any shares under $195 will be considered undervalued. The 2.618 fib ring and 1 trend based time fib suggest a potential pivot could be happening in February - March 2023.
I'd like to see the Weekly RSI hit oversold territory, and I'm pretty sure it will when MSFT takes another impulsive leg down.
Short term: MSFT is currently finding support on the 200W MA and the Fixed VPOC with weekly bullish divergence, so it might take some time for the bears to further push MSFT further down.
MSFT could be trading in a WXYXZ correction with bottom targets around the two clusters of fibs at $186-$195 and ~$165. Looking at the fixed volume profile, any shares under $195 will be considered undervalued. The 2.618 fib ring and 1 trend based time fib suggest a potential pivot could be happening in February - March 2023.
I'd like to see the Weekly RSI hit oversold territory, and I'm pretty sure it will when MSFT takes another impulsive leg down.
Short term: MSFT is currently finding support on the 200W MA and the Fixed VPOC with weekly bullish divergence, so it might take some time for the bears to further push MSFT further down.