70% Dot.com crash to repeat for Microsoft?

Feb 8

** 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

2 days ago

Note

Price action is very oversold on the daily...