MSFT still looks bound for the 393.65 ‘d’ Hidden Pivot target shown. The downside penetration of the pattern’s p midpoint was not dramatic enough to guarantee this. Still, the fact that the pivot turned into resistance immediately after it was first penetrated is hardly a bullish sign. Although the point ‘a’ high of the rABC pattern is too small and nebulous to be regarded as a surefire winner for bottom-fishing, it is nonetheless a ‘locked’ coordinate that doesn’t need additional justification. Odds for bottom-fishing p2=409.05 are not compelling because the pivot coincides with one at 410.29 recorded on November 21.
MSFT – Microsoft (Last:423.35)
