MSFT is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Gradual reversal from bearish to bullish.
Sideways movement between parallel supports.
Market participants tracking Microsoft should note the latest formation. Price has moved to $381.7 (0.03%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. Volume is average (0.67x avg) with moderate trend strength (6.8). A potential breakout level is identified at $373.35, targeting $256.23 with support near $405.99 (R:R 3.59).
What is your outlook on MSFT?