August 19, 2011

Triangle of MICROSOFT

  • MSFT Week is near support line of the triangle pattern.
  • Daily chart has not formed a bottom formation yet. Price in daily chart is still below 50 day moving average.
  • Since Price is close to the weekly support line one can look for a reversal pattern in daily chart to enter long in MSFT.
  • If the support line of the triangle breaks down it will be a shorting opportunity.

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