Perhaps a breakout here for Microsoft on the daily timeframe ahead of CPI data tomorrow?

Looks like Microsoft may have broken out here, an engulfing candlestick is appearing so far on the daily timeframe. The resistance here was along the descending trendline of the triangle reading $375.57, the price closed just above it in yesterday’s session. Today saw a little dip, most likely testing the resistance to support flip, before now pushing higher. The next target for the bulls here is the all-time high reached level of $385.50. The previous resistance of $375.57 is now acting as the initial support here, with a break below potentially seeing Microsoft’s price re-entering the triangle area. Key inflation data over Thursday and Friday will play a big part here, volatility will be raised. Looking at the technical indicators, they are rather positive. The MACD looks like it could turn positive if the session closes around the current level, and the RSI is positively rising as it reads 61 (both highlighted by the green ovals at the bottom of the chart).