MSFT - A Compelling Price ascension
MSFT is trading near its highs.
Up top, we find a very nice ascending triangle pattern.
Despite the selling pressure that the Stock has been facing for past two months, The price still comfortably reclines on this up trend line.
We also see multiple Low rejections in the candles as the price declines toward this Trend line (Marked in Green arrows).
And for once, when the price managed to Close below this sweet spot (Marked in Red arrow), we see that it only induced more Buying pressure.
This indicates that the rally on MSFT is still intact, and a Close above the Triangle might trigger a Strong move up.
Up top, we find a very nice ascending triangle pattern.
Despite the selling pressure that the Stock has been facing for past two months, The price still comfortably reclines on this up trend line.
We also see multiple Low rejections in the candles as the price declines toward this Trend line (Marked in Green arrows).
And for once, when the price managed to Close below this sweet spot (Marked in Red arrow), we see that it only induced more Buying pressure.
This indicates that the rally on MSFT is still intact, and a Close above the Triangle might trigger a Strong move up.
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