MSFT: Final Dip Before the Next Leap

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MSFT: Final Dip Before the Next LeapMicrosoft CorporationBATS:MSFTMoney_DictatorsPrevious Idea: Microsoft (MSFT) shows the stock is enduring a significant correction, which is the final pullback before a massive rally. This phase, labeled wave (4), is expected to find its bottom within a key support area. Traders are looking for this downswing to complete anywhere between the $452 and $492 zones. Hitting this target range would conclude the current multi-month drop and clear the path for the next major advance. Once the correction successfully bottoms out in that crucial support range, the market expects a powerful final bullish surge, known as wave (5), to begin. This next wave is projected to drive the stock significantly higher, easily surpassing the previous all-time high of $555.45. This bullish scenario will remain valid as long as the stock respects the identified support zone and begins its ascent from that area.