Welcome to another day of trading stock peeps! What I have here is the chart of Microsoft Corporation or MSFT as listed in the New York Stock Exchange. I’m sure that you all know what the company is about and that its founder, Bill Gates, is currently the richest man on earth. The last time I had a post on this was when it broke down from its inverted flag formation and declined by 10% as it hit $22.73 (kindly see that post in this link). Now, I want to share to you my technical analysis update on this company. As you can see, there could be a symmetrical triangle setting up in the stock chart and could be bearish as the stocks are coming from a 5-month downtrend. This could be confirmed when the breakdown occurs. If it does, the stocks could fall to the support at $23.20. If it further slips below that price mark, the next support could be $22.73 then after that is $22.00. On the upside, if the triangle pattern turns out to be bullish and the stocks breakout from the triangle’s resistance, there could be some selling pressure at the $26.41 resistance. If that gets breached once more, the next resistance level could be $27.32.