Microsoft Corp.
Long

Can $MSFT break out of this symmetrical triangle?

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MSFT had a decent bounce after Friday's hammer candle as the stock continues to rebuild. Despite yesterday's weakness in the tech sector triggered by SNAP, the software giant closed right at its 8EMA. In case it can get above $263, it has some space on the chart for a possible move back to $270 in the coming week if the overall market conditions improve. Watch this stock for overall sentiment in tech. The longer it stays above $260, the higher the probability the next move is above $270 rather than below $240 as the bears would envision.

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