Since november of last year MSFT
has largely stayed within the same range trending between 26-27.75 from Nov-Jan, giving us what appeared to be a breakout in early February. However, instead this breakout has turned into another consolidation pattern has MSFT
created a bullish ascending triangle
, and given that generally the longer something consolidates for the larger the resulting move, I think we could see some nice movement over the next few days. Furthermore RSI
has even adopted the same bullish
triangle as MSFT
, which further points to its breakout.