Don't Ignore This Chart!

3 Inside Days for Microsoft

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After becoming oversold and plunging on high volume last week, Microsoft is starting to firm with three inside days. Notice the long red candlestick on high volume four days ago. Was that a selling climax? The stock has traded the last three days in the upper half of the long red candlestick. A break above its high would be short-term bullish for Mr. Softy.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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