The bullish movement on Microsoft to continue

Share On Facebook
share on Linkedin

Microsoft stock (NASDAQ:MSFT) has recently gapped up, while trending upwards slowly and steadily. Since December 2018 till date, the market has assumed a very strong bullish stance.

The ADX period 14 is above the level 40, meaning the momentum in the market is currently strong. The DM+ is above the DM-, meaning the domination of bulls. The MACD default parameters, has both its signal lines and histogram above the zero line. The signals lines are particularly far above the zero line.

The gap up comes as a result of a strong buying pressure.

All the above points to a strong Bullish Confirmation Pattern. While there may be a temporary reversal in the market, the outlook on MSFT is very, very bright. The bullish trend is thus expected to continue for most pert of this year.

Trading realities: Trading realities 


CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220811 06:27:12