$Microsoft(MSFT)$
1. the ratio line remains in a long-term uptrend and
2. the last two oversold conditions happened near major relative trading lows.
In other words, if history serves as any guide, then MSFT’s relative weakness vs. its group may be ready to reverse course once more. If that happens, the stock will become a big part of IGV’s potential next up leg. Not only has ETF hit new all-time highs, it has done so by breaking out from a multi-year bullish pattern
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