Microsoft Corporation has broken through a resistance line of a Triangle and suggests a possible movement to 341.41 within the next 10 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Related Posts
BIDU – approaching a resistance line that has been previously tested at least twice in the past
BIDU is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
ADBE seems to be on its way to resistance – a possible opportunity?
ADBE is heading towards a line of 357.8900. If this movement continues, the price of ADBE could test…
Because GOOGL formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
GOOGL is heading towards the support line of a Channel Up. If this movement continues, the price of…