Microsoft gapped up on earnings in April. However, the pattern has weakened since then with gap down action. The stock is now at risk of losing a potential top candlestick pattern formation unless corporate buybacks are instigated to maintain the price level.

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buybacksCandlestick AnalysiscandlestickpatternChart PatternscompletionEarningsgapdowngapupMicrosoft (MSFT)topformationtoppingformationTrend Analysis
Martha Stokes, CMT
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