MSFT - Breakout Rising Trend Channel

NASDAQ:MSFT   Microsoft Corp.
🔹MSFT has broken the rising trend up in the medium long term, which indicates an even stronger rising rate.
🔹Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term.
🔹RSI is above 70 after a good price increase the past weeks.
🔹High RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
🔹Overall assessed as technically positive for the medium long term.

Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢

Verify it first and believe later.

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