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Jake Wujastyk, founder / CEO at TrendSpider, highlights potential momentum for lagging MAG7 stocks AMZN and GOOGL based on a current weekly candle setup.
He points to a possible launch for these names, with MAGS signaling renewed upside interest.
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Wujastyk has recently tracked notable trading activity in major tech stocks. He previously observed substantial short-term flow in AAPL shares. Earlier this year, he reported that software stocks were pulling back while AI-focused names such as DELL were gaining traction amid a sector rotation.