The Mag 7 Setup: Chop Now, Violence Later

MSFT

One level matters in MSFT: the must-hold $400 zone. The longer-term trend line comes in there, and it’s been a key pivot since 2024, repeatedly acting as both support and breakout level. RSI is deeply oversold, though we’re starting to see early signs of positive divergence attempting to build. The stock is totally dislocated from the 200 day MA, which trades at $490.