On the daily chart below, we see that MSFT's price action since late April has essentially traced out a
bullish flag formation, which found support near the 100 - day moving average (blue line) in early July.
Perhaps we could see another month in the same price level while prices perform this pennant, which could become a
bigger flag formation.
Support seen at $ 940, which is the lower part of
the flag formation.
Flowers in
a flag formation, were blooming on melamine plates on sale at Pier 1... Ideal for a little patriotic tabletop fun in the Potting Shed!