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  • Writer's pictureT. Livingston

MSFT- Vert Tight Action

Since early 2019, Microsoft has been on a tremendous run, up close to 90%. While the FAANG stocks got lots of attention, Microsoft has been equally strong. After a sharp decline in February and March, Microsoft has been on a strong run the past ten weeks. I have been particularly impressed with its action over the past four weeks-very tight action on low volume. It is almost as if Microsoft is just patiently waiting for its 10-week moving average to catch up. Some sideways action is definitely possible in Microsoft, but I believe it is worth looking at a for a potentially strong move higher.

Full Disclosure: Microsoft is a stock I currently own.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

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13 jun 2020

Three weeks tight pattern.

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