$MSFT - Double Bottom Pattern

By sgzaman
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.

Double Top or BottomTechnical IndicatorsMicrosoft (MSFT)Trend Analysis
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