Microsoft Forms Second Candlestick Reversal in Four Weeks
Microsoft (MSFT) sprang to life with a harami on Tuesday-Wednesday and a gap up on Thursday. This gap confirmed the harami and should be considered bullish as long as it holds. A move back below 46 would fill the gap and negate this reversal. Note that the long-term trend is up as MSFT hit a new high in mid November. Furthermore, the harami-reversal formed just above the prior candlestick reversal, which was a piercing pattern and gap.
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