NBIS downside MACD cross marked a bottom, Jake Wujastyk notes

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NBIS downside MACD cross marked a bottom, Jake Wujastyk notes — NBIS MACD cross matched prior bottom

Jake Wujastyk, founder / CEO at TrendSpider, highlights that the recent downside MACD cross in NBIS coincided with a short-term bottom during the last occurrence.

Wujastyk notes the technical indicator's past alignment with a low in the stock.

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Wujastyk has recently commented on other technical setups in equities. He previously identified an inverse head and shoulders pattern and a recent MACD cross on MSFT’s daily chart, signaling a possible trend shift in Microsoft shares. In another note, Wujastyk indicated that demand for ONDS stock could remain steady, citing continued interest and a preference for a larger position at lower prices in ONDS.

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