LivermoreGrahamDisciple

MSFT Reversal Head and Shoulders- Bullish

Long
NASDAQ:MSFT   Microsoft Corp.
As you can see from the chart, MSFT broke out of a symmetrical triangle formation right around January 20th and enjoyed a very strong uptrend for about a month. We can see a clear break in this uptrend around February 18th just based on price action and we can also see that at this same time our fast EMA's quickly turned silver indicating a weakening of the uptrend. Since February 18th we can see that MSFT has formed a reversal head and shoulders pattern, with the head bouncing perfectly on the previous broken resistance line from the symmetrical triangle formation that it broke out of at the end of January (new support level). In addition to my T.A, I also have a strong price target for MSFT based on my fundamental analysis and believe $275-$300 price target is very possible.
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