GroundNinja

MSFT: Falling Wedge

Long
NASDAQ:MSFT   Microsoft Corp.
MSFT: Falling wedge on 65m indicates a bullish continuation off a previous test of key levels on the weekly (200MA). Price action reflects lower lows and lower highs, contracting volume, and divergence on RSI. A break out of the wedge with volume is key to a reclaim of previously auctioned shelves. MSFT has received positive nods as of recent from analysts and reports Q2 on January 25, 2022// Key Levels: 303.78, 306.64, 310.32, 313.89, 318.50 // ATR: 8.27, Beta: 0.89, Target Price: 371.23
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