MSFT is the unwitting captive of the pattern shown, with immediate upside potential to 398.06. Judging from the ease with which short-covering bears bulldozed the midpoint Hidden Pivot resistance at 387.49, they should have little trouble inadvertently boosting the stock to the target Monday or Tuesday. If they are still feeling their oats, the next logical price objective would be 414.57, the ‘d’ target of a larger reverse pattern. Its corresponding midpoint resistance lies at 395.74, so a precise stall there would validate the pattern and increase the odds of an equally precise, shortable top if and when 413.80 is reached.
MSFT – Microsoft (Last:388.44)
