Microsoft Bullish Ascending Triangle

A Bullish Ascending Triangle has formed on Microsoft and it looks as if it will attempt to breakout...If breakout is rejected I anticipate a drop back to $215... If breakout does occur I anticipate price will quickly climb back near all time high levels ($232.86) however it will likely find resistance here so it will be important to watch price action... Price could soar to new all time highs however I suspect there is more downside then potential upside in the short-term at this new price level.