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Gap rill coming? 

MSFT remains under pressure following last Thursday’s key downside reversal.  We expect shares to drift lower in the near term as the current pullback continues.  Initial target is the powerful post earnings, Microsoft (MSFT) earnings Q1 2022 (cnbc.com), breakout gap left behind on October 27th($312.40).  This is the upper band of a key support zone.  Just below is the Aug/Sept highs($305 area).  A solid base in this zone, after a 12% drop from the Nov/2021 highs, could develop into a low risk buying opportunity for patient bulls. 

Long MSFT in some managed accounts. 

Not a recommendation to buy, sell or hold.