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Jake Wujastyk: MSFT trading between anchored VWAP levels

Jake Wujastyk: MSFT trading between anchored VWAP levels
MSFT fluctuates between anchored VWAPs

Jake Wujastyk, founder and CEO at TrendSpider, observes that MSFT is moving between the upper and lower boundaries defined by anchored VWAP levels.

This pin-balling behavior suggests ongoing indecision and volatility for the stock within those technical price limits.

Wujastyk has previously addressed trends in other major assets. He commented on a recent Bitcoin price drop and highlighted the emergence of a 'rainbow' chart pattern. In a separate post, he pointed to elevated volume in NFLX call options up to $90 strikes as the stock recorded notable losses.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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