MsftMicrosoft CorporationBATS:MSFTContraryTraderWent through over this stock thoroughly on every time frame... To make a long story short I think we make 1 more low around 334-339. It's too much technical support around 330's Fib support - 2020 lows + All time high Trendline support from from 2019 . Wedge support created from Ath sell off I could go over the many ways this oversold , but this level of oversold is really extreme for a 1 of the biggest publicly listed companies in the world.. You usually don't see this type of selling from the mega cap tech, this type of sell of has been common for the mid cap tech (Adbe, TTD,Roku,Crm). Software stocks in particular have been having a bad year. I think MSFT will be the litmus test on whether the sell has ran its course here. If Msft can't hold 330 then this I feel is highly disguised Dot.com like bust . Below 330 and 220 will likely come .. If 339 holds here then it should be blue skies back to 420 minimum , over 420 and 460 comes As far as oversold goes, Msft hasn't been this oversold since april 2006.. in comparison, msft is about where Nflx was last month before it rallied from 74 to 100 in 1 week. Lastly This sell of is a double top that completes around 335-340 I don't like shorting down here at all . But until we tag 339 I doubt we bottom so any pop will likely fade until 339 This is one of the long term plays I think, maybe Cons a few months out too keep you from paper handing it 😉