Microsoft (NASDAQ:MSFT) continues to collapse as the whole tech sector sheds big money. Now trading at $88, Microsoft is down from $95 in just a few trading days. The technical chart is retesting a major support trend line at $88.
Target Watch
If it breaks below, look for a major collapse to a downside target of $79.25 – a completion of a major drop and a fill of a gap going back to October 26, 2017. I do expect a break of the trend line and a fall to $79.25 within a week or two.