MicrosoftMicrosoft ( MSFT) is another name that's spent much of the last year consolidating, in this case through a rounding bottom pattern. The rounding bottom looks a lot like it sounds; it's formed by a horizontal resistance level to the upside and curved support below that. The setup indicates a gradual shift in control from sellers to buyers, a fact that should be music to the ears of anyone who owns MSFT right now.
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