After being a laggard in the tech sector with the likes of AAPL taking off, MSFT seems due for a big move. As long as we do not see any major breakdown in QQQ, MSFT should look to break to at least 220, if not, ATH. It is currently sitting in a wedge, which is coming to a clear end, indicating decision time. Keep this on watch in the coming days!
Note
The stop is a break of the lower trendline. I will wait for a few candles to print underneath to confirm it is not a stop hunt before cutting, should the stop come to fruition.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.