Microsoft - Consolidating at support

NASDAQ:MSFT   Microsoft Corp
77 0 6
A very very long uptrend for Microsoft             , but since the start of 2016, not much happened. Zooming in, Microsoft             is moving sideways, and that still gives room for opportunities.

Right now, Microsoft             is consolidating at support, after a sort of bearish divergence pushed price down. The Force Index is oversold which is always great in an uptrend. Four weeks ago, the impulse turned green, confirming the end of the divergece, right at value, however, the Linkedin             announcement pushed price lower.

Going on to the daily chart , there is a rejeciton off the swing low at 49.30$, and that is great. The impulse turned blue yesterday, and the divergence is confirmed for the double bottom . Normally, I would look to take profits at the fib retracements for this daily double bottom , but considering the weekly chart, I believe we can run back to test the top. My target is right below it.
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