MSFT MOVES SIDEWAY - SHORT TERM VIEW BULLISH BIAS TO TARGET $221

MSFT chart shows the stock is moving sideway in consolidation mode. The small timeframe also appears to show that MSFT is going through complex consolidation wave structures with no clear trending of impulse signal yet. Based on wave counts, MSFT might move in short term upward direction to complete its small degree wave B (or small degree wave 2) before reverse its downward movement again for further consolidation. Stay neutral but with short term bullish bias to hit ballpark price target of $221.