$Microsoft(MSFT)$ — 6-Week Bearish Flag Breakdown, Week 1 of the Move
After losing its 7-year trendline support, Microsoft extended its weakness with 4 consecutive red sessions, also failing to participate in Thursday’s r2g tech bounce. Price broke down cleanly from the highlighted bearish flag consolidation. The $100B market cap loss over the week has also weighed on cap-weighted $MGK, where Microsoft carries approx 10% weight.
$MSFT is currently only in week 1 of a 6-week bearish flag move. Classical technicals suggest the measured move often mirrors the flagpole in both magnitude and duration. This projects a potential move toward the $340 area, a major 1-year support level. A further breakdown of this level will see $MSFT establish its first lower low trend channel on the Monthly chart since 2009.
Market Cap $2.8T | ADR: 2.1% | Avg $ Volume: $14.2B
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