For today's chart we've chosen to take a look at MSFT because it is nearing an influential level of resistance (illustrated by the dotted trendline). As you can see from the chart below, the sloping trendline was able to prop up the price of MSFT between January and April, but it has since fallen below and looks like it will now prevent the upward momentum from continuing. We have also chosen to highlight several recent candlesticks because they are showing that the bulls are becoming indecisive as the price nears the trendline. The recent doji candles will likely be used by technical traders to confirm the strength of the identified resistance.
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