Bullish headlines, and favorable monetary policy mean that MSFT has a lot going for it right now. That and the company has incredible financials.
The pattern however is something to keep an eye on: the infamous rising wedge pattern.
This pattern may get bearish rapidly. We need to keep an eye on volume. If volume starts to rise higher than the average negatively and daily support breaks with higher than usual volume we may interpret this as bearish, and a potential topping point.
The pattern however is something to keep an eye on: the infamous rising wedge pattern.
This pattern may get bearish rapidly. We need to keep an eye on volume. If volume starts to rise higher than the average negatively and daily support breaks with higher than usual volume we may interpret this as bearish, and a potential topping point.
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