This is the 3rd consecutive hour msft has seen its price head up.
If the casino has a drawdown because of a cluster of multiple jackpot winners, it just grinds away with their edge.
The change in price came along side change in volume that was up 27.42% from previous day, but down 36% from the wednesday of last week.
Of note is that the 20 hour changed directions on msft; it is now pointing down.
This is a reversal of the price action on the previous hour, in which price moved down.
It’s been a feast for bears operating on an hourly timeframe, as msft has now gone down 4 of the past 5 hours.
Leaps are strug-u-ling but that’s why i buy leaps – cause trying to time irrational markets is like trying to explain gravity to a chicken.
The change in price came along side change in volume that was down 13.36% from previous day, but up 71.26% from the wednesday of last week.
Or to view things another way, note that out of the past 14 days microsoft corp’s price has gone up 9 them.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.