$MSFT made two gap-up in a row and paused at the neckline of the double bottom pattern.
Last day it filled the last gap and closed near the day's high and made a hammer candle.
The moving averages made the golden cross.
As the momentum is still high we may see a breakout and it may face resistance at 229-233 level.
The weekly chart made a WRB candle and likely to continue the up move.
The only concern here is the last two days the volume reduced partially.
Last day it filled the last gap and closed near the day's high and made a hammer candle.
The moving averages made the golden cross.
As the momentum is still high we may see a breakout and it may face resistance at 229-233 level.
The weekly chart made a WRB candle and likely to continue the up move.
The only concern here is the last two days the volume reduced partially.