MSFT Big Picture
- Price has been rising as highlighted by the bull trend line.
- Price broke out of key resistance level is retracing. (Resistance might have flipped to support.)
- Higher major swing lows.
MSFT Small Picture
- Strong bearish outside bar to below EMA had no follow-through.
- Earlier bullish pin bar failed.
- Current bullish pin bar found support at previous swing high and low of previous pin bar.
Trading Setup Analysis
MSFT broke out of long-term resistance before retracing back to test support levels.
Bullish pin bar shows strong rejection by support levels.
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