The bullish movement on Microsoft to continue

PUBLISHED: 05 May 2019 @ 17:53 | Comments (0) | More info about Azeez Mustapha

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.

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