Databased

Massive consolidation

Long
BATS:MSFT   Microsoft Corp.
3
Since november of last year MSFT has largely stayed within the same range trending between 26-27.75 from Nov-Jan, giving us what appeared to be a breakout in early February. However, instead this breakout has turned into another consolidation pattern has MSFT created a bullish ascending triangle , and given that generally the longer something consolidates for the larger the resulting move, I think we could see some nice movement over the next few days. Furthermore RSI has even adopted the same bullish triangle as MSFT , which further points to its breakout.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.