As of 07/24 Close, Microsoft
MSFT
was trading at 201.30 and exactly sitting on the Trend line.
MSFT
was trading at 201.30 and exactly sitting on the Trend line. - If it breaks down (Below 201/200), Can find support at 197 (Fib level 0). Or if worsens, can downtrend for few days to weeks.
On a positive note, If bounces back by next week and recovers above 204 (Fib level 0.382), then can get back into Uptrend and can go till 220 gradually.