By starting the median line at a low point in December of 2018, you can see Microsoft continuing on an upward pattern through the first half of 2019. Then in August 2019, it seems MSFT ended up with a bulging disc. It ran right out of Andrew's pitchfork, then it circled around until popping back into the channel on February 4th.
Why the heck did it do that? I have no idea.
Regardless, with government investigation into MAGA, MSFT is back on its path.
Trade closed: stop reached
Broke out of its channel as did all other tech stocks from the fall of the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.