Microsoft Corp (MSFT) Up 0.88%, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Microsoft Corp Daily Price Recap

Microsoft Corp closed yesterday up 0.88% ($1.56); this denotes the 2nd day in a row an increase has occurred. The price move occurred on volume that was up 7.07% from the day prior, but down 14.85% from the same day the week before. Here is a daily price chart of Microsoft Corp.

Microsoft Corp Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Microsoft Corp’s price has gone up 7 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about MSFT:

    $MSFT $SPY 🤷🏻‍♂️A lot of people posted so many bullish things over the weekend. Tomorrow is another day, JUST TRADE THE CHART. Msft is great for both calls and puts..don’t get emotionally attached to either one though..