It’s hard not to grow impatient with MSFT’s tiresome slog toward the 456.88 target shown in the chart. The stock has spent most of 2024 diddling the secondary Hidden Pivot (p2) at 420, but it seems likely to get there eventually. The 430.58 target of a lesser pattern seemed to work well initially as a possible bull-market top, since the stock hasn’t exceeded it by more than a couple of dollars after first hitting it in mid-March. But neither has it given up much ground since, a fact that attests to the confidence the stock’s sponsors have that higher prices are coming.
$MSFT – Microsoft (Last:423.85)