Microsoft has rallied steadily for the past year and has offered few pullbacks. The Bullish AB=CD @ 67 on the daily chart has a Complex RSI structure that triggered confirmation of a trend continuation after the recent pause. In markets like these, the trend is more important than the pattern! MSFT a perfect candidate to access NAZ10 exposure for next 12 months. A breakout above 72 will trigger a larger acceleration.
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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.