I’d like to buy MSFT 30% lower

My read on Microsoft’s share price is that $339 would be a nice place to buy.

Today, #MSFT is priced at $406.

On a weekly basis, the stock is in a downtrend, albeit it’s without strength.

Further weakness, following this weeks bearish outside reversal should help.

If my $339 entry point is reached, we’d likely on be ‘dating’, for $282 would be a price where I would ‘marry’ the stock again.

Could you imagine what the #Nasdaq 100 would like, should #Microsoft stock trade down 30% to $282?’

November 1, 2024

rob@karriasset.com.au