MSFT has been consolidating within a range for the past few weeks, forming a potential head and shoulders pattern. This bearish reversal pattern suggests that the stock may be nearing a top. The RSI indicator is also showing signs of overbought conditions, further supporting the possibility of a downward trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.