Microsoft Weekly and Daily Elliott Wave Analysis $MSFT
​Microsoft Corporation is of course a very well known organization and has it’s large capitalization stock MSFT listed on the Nasdaq and is a component of the Dow Jones Industrial Average, the S&P 500 as well as the Nasdaq 100. In March 1986 the initial public offering price was $21.00 per share. After many stock splits over the years each original share would now be 288 shares. After price has now been adjusted for splits reflected on the chart, this brings the original issue price to 9.7 cents roughly. Why that has any importance one might ask. On the weekly chart that leg up from the IPO in 1986 topped out at 59.97 on 12/27/1999. Afterward the stock took the hit lower with many other equities instruments...
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