Microsoft - We still have to be patient...

MSFT dropped after reporting earnings and can now create a short term correction!



Simplicity is key, also when it comes to trading the higher timeframes on stocks. All you need are three lines in order to fully understand the trading history and also future of Microsoft. If we get a retest of the triangle breakout level, which is perfectly lining up with the rising trendline, a bullish continuation will be quite expected. Just wait for confirmation first though!

Levels to watch: $350

Keep your long term vision,
Philip - BasicTrading