lauralea

Cup & Handle//Rising Wedge

NASDAQ:MSFT   Microsoft Corp.
Price has broken up and out of the bearish Rising wedge. This pattern is not valid until the bottom line broken. It has not been broken so it is not valid.

Price is trying to reach long entry level for a large Cup pattern
There will be resistance at the top of the cup.

No recommendation/overbought with RSI on 70.
Some would set RSI to 80 vs 70 for a high momentum security.
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.