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Microsoft: Back in the Target Zone!

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Microsoft’s stock has slid back, settling again within our green Target Zone between $477.87 and $451.84. We anticipate an imminent upward movement as part of the magenta wave (5), which is expected to push price beyond the resistance at $562.17. Just above this level, the large blue wave (I) is likely to complete before a significant correction begins. There’s also a 38% chance of additional selling pressure below the support at $392.97. In this case, the high of $562.17 would align with the beige wave alt.III, while the low of wave alt.IV would form below $392.97.

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