Microsoft Post Bullish Flag Breakout

On our analysis on the 17.04 we indicated a bullish flag as prices bounced off the long term downtrend line from the beginning of Oct 18. Therefore we expected Microsoft to continue it's uptrend which effectively it has as prices are above the Ichimoku cloud and the RSI and Stochastic indicators are not signalling the stock is overbought. Consequently we maintain our long position in particular due to the recent positive earnings results and expected further growth in the company's cloud and gaming businesses.