Bulls have enjoyed a fantastic run in Microsoft since it bottomed way back in March 2009 at 14.87 and since has rally parabolic to the 423.6% extension target at 266.27 and now is not the time to jump on this rocket as it's about to run out of fuel and see a larger decline towards the 50% corrective target at 140.68.
Short-term a final spike higher to the extension target at 266.27 still could be seen, but this amazing run is close to completion and it's time to abandon the spaceship for a major correction in the coming years.
The material has been provided by InstaForex Company - www.instaforex.com