sgzaman

$MSFT - Double Bottom Pattern

Long
NASDAQ:MSFT   Microsoft Corp.
$MSFT made two gap-up in a row and paused at the neckline of the double bottom pattern.
Last day it filled the last gap and closed near the day's high and made a hammer candle.
The moving averages made the golden cross.
As the momentum is still high we may see a breakout and it may face resistance at 229-233 level.
The weekly chart made a WRB candle and likely to continue the up move.
The only concern here is the last two days the volume reduced partially.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out