TSLA and MSFT Downside Targets
TSLA, currently at 379.20, will fall to a minimum 332.20.
That is a Hidden Pivot, and, as always, it can be bottom-fished with a tight stop-loss.
MSFT, currently at 415.50, will fall to at least 409.05, but additionally to 393.35 if any lower. (Daily chart, ‘reverse’ a= 448.39 on 7/23). This is a lousy rABC pattern because 'a' is nebulous, but it is nonetheless a 'locked' coordinate, so the pattern deserves your attention.
As always, you should expect to make money bottom-fishing either Hidden Pivot even if the stock ultimately crushes one or both. Your trading bias should remain bearish at least until the higher target is reached.
Free Trial Subscription
Be sure to try the premium Rick’s Gold and Bitcoin Radar and lock on to accurate gold and Bitcoin price targets and sharp strategies to keep the turbulence of these markets on your screen, and not on your nerves. Complementary to the radar is the premium Rick’s Trading Room, a 24/7 hub of market-savvy traders sharing real-time updates and actionable ideas. It’s the ultimate combo. Sign up for a free (no credit card required) 7-day trial today.
Thank you,
Rick Ackerman