Databased

Massive consolidation

Long
BATS:MSFT   Microsoft Corp.
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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.

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