MSFT Analysis

Price did not play out according to my analysis last week. I was expecting price to bounce off the bullish POI at 260.84 and rally into the bearish POI at 274.52. However, the bullish momentum was not strong enough and after we see a reaction at the bullish POI, price continue to break lower and invalidated the upside expectation. Right now, I'm expecting a bullish retracement into the fair value gap at 260.40, which is also within the bearish POI at 251.94. Target for the down move will be the lows at 238.07.