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basictradingtv
Jan 18, 2024 8:39 PM

Microsoft - Triangle Breakout 

Microsoft CorporationNASDAQ

Description

Hello Traders, welcome to today's analysis of Microsoft.

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Explanation of my video analysis:

All the way back in 2014 Microsoft stock perfectly broke above a major resistance area at the $35 level and entered a +1.000% bullmarket. Over the past three years Microsoft has been trading within an ascending triangle and recently broke out towards the upside. If we see a retest of the breakout level mentioned in the analysis, I am looking for bullish trading setups.

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I will only take a trade if all the rules of my strategy are satisfied.

Let me know in the comment section below if you have any questions.

Keep your long term vision.
Comments
Babenski
Nice video
basictradingtv
@Babenski, thanks a lot Babenski!!!
basictradingtv
Smash that "Like" button if you are also bullish on Microsoft stock! Keep your long term vision.
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