Microsoft: Time to Rise

Microsoft, Daily

In the Daily timeframe, #MICROSOFT formed a descending triangle pattern. The price bounced off the lower trend line, testing the support. At the same time, the CCI and Stochastic broke out of the oversold zone, indicating the possibility of a rise to the upper trend line.

• We may consider buying #MICROSOFT on consolidation above 416.0 and FRAMA with targets to 430.0 and further to 440.0;