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.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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