70% Dot.com crash to repeat for Microsoft?

8 lut

** long term forecast, the years ahead **

On the above 2 month chart price action has rallied 700% in the last 9 years. A number or reasons now exist for a bearish outlook. They include:

1) Price action and RSI support breakouts.

2) Legacy support confirms resistance.

3) A rising wedge formation confirms breakout, with 50% correction forecast to $220. (see below)

4) Regular bearish divergence as measured across a 10 month period. It is in fact the highest number of oscillators to negatively with price action.

5) Confirmed monthly Gravestone DOJI candle. (see below)

6) A 70% correction would still leave Microsoft with a market capital of 915b !!

Is it possible price action continues to print higher highs? Sure.
Is it probable? No.

Ww

Rising wedge breakout



Monthly Gravestone DOJI

przedwczoraj

Uwaga

Price action is very oversold on the daily...