MSFT April 18, 2024: Can It Hold The Support?At the close of April 18, 2024, NASDAQ:MSFT is trading right at the support trendline, the yellow line shown on the chart.
If the stock cannot hold this trendline, the pattern suggests the further decline 6-8% to its 200-day moving average.
It was a good decision to cut short our loss when buying at the new high (see the related ideas section)