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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