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MSFT shows inverse head and shoulders on daily chart, Jake Wujastyk notes

MSFT shows inverse head and shoulders on daily chart, Jake Wujastyk notes
MSFT forms inverse head and shoulders

Jake Wujastyk, founder and CEO at TrendSpider, observes an inverse head and shoulders pattern forming on the MSFT daily candle chart, accompanied by a recent MACD cross.

The technical formation is typically viewed as a potential bullish reversal signal by market participants.

Wujastyk has highlighted other notable technical events in recent coverage. He recently noted MRVL reaching 14 consecutive green weekly candles, calling the run impressive. In a separate observation, he linked recent market weakness to quarterly rebalancing.

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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