MSFT is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
MSFT is showing interesting structural developments at $418.14. With a last close of $418.14, volatility remains active (-0.69%). The primary technical feature is a Bullish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $432.7, targeting $510.12 with support near $400.88 (R:R 2.43).
What is your outlook on MSFT?