KQMarkets
Long

Microsoft Bullish Flag Breakout

NASDAQ:MSFT   MICROSOFT CORP
We see that Microsoft had formed a bullish flag due to profit taking resulting in lower prices as traders sell the stock. However prices broke out of the bullish flag as prices bounced off the long term downtrend line from the beginning of Oct 18. Therefore we expect Microsoft to continue it's uptrend so we remain long the stock and await the earnings announcement on the 24th of April.
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