MSFT Analysis - Rising Wedge

MSFT: MSFT Analysis - Rising Wedge

Straightforward chart that showcases a rising wedge pattern that has formed.

I've identified the S/R levels, and the general path the price could take depending on where the price retraces over the coming weeks. I don't see MSFT pushing past $370 soon, as the RSI isn't trending favorably. With the Fed halting rate hikes and retail season approaching, I think we see a big breakout once MSFT consolidates.

I'll be keeping a close eye on the $361 support level to determine entry points.

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