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Scott Redler: Technicals outweigh reputation for MSFT in current market
Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, points out that a company's name or reputation cannot shield it from market realities.
Redler uses MSFT as an example, emphasizing that technical analysis and timeframe remain more important than a well-known brand.
Redler recently highlighted weakness in QQQ as multiple stocks experienced declines in the market, according to a previous report. He also pointed to losses for late investors in the CBRS IPO, noting the stock remained at $216 after failing to recover its $350 level in a separate note. Both instances reflect Redler’s focus on price action over company reputation.
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