Options Oracle: 11/09/2011

This week, we take a look at Microsoft (MSFT), which is exhibiting a triangle pattern. A symmetrical triangle pattern is indicative of a period of consolidation. The triangle is found when the support line slopes up and the resistance line slopes down. This is also a signal that a breakout is imminent. Keep in mind that the breakout could also take place to the downside, which is why we have set a stop to get out below support.

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AJ Monte

About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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