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MSFT - A Compelling Price ascension
Microsoft Corp.
Viés de alta
MSFT - A Compelling Price ascension
Por VishwaTTL
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15 de out. de 2019
5
Apoie
Apoie
15 de out. de 2019
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.
Chart Patterns
Trend Analysis
VishwaTTL
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