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basictradingtv
Dec 28, 2023 10:02 PM

Microsoft - Monthly Bullish Breakout 

Microsoft CorporationNASDAQ

Description

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

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Explanation of my chart analysis:

Since August of 2019 Microsoft stock has been creating a bullish triangle continuation pattern. Recently we saw a breakout above the strong $350 resistance level after which I do expect a retest of the previous structure level and then more bullish continuation towards the upside.

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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
basictradingtv
What do you think is the price target for Microsoft after this breakout? Keep your long term vision!
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