Microsoft (MSFT) failed to recover the light blue horizontal line and came back down to test the blue horizontal line. MACD led the way to drop below its purple support of the 2-year rally. This may be a telltale sign that the orange up-channel bottom may not be able to contain the downtrend, and MSFT may test MA200.
Also, more than 1200 stocks hit a 50-day low, including AMZN and NVDA. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&highlow=50-day%20Low
360miq.com/stockinfo?code=MSFT
