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Left, 11-14 17:00: 87,832 shares.


Right, today 14:00: 311 shares.
Same chart, beginning to end: volume down 282x.
What about price? 523.02 to 519.21, a $3.81 move.
A $6.36 pocket, rummaged through all day.
24-hour trading volume: $1.67 million, the fortune of one Microsoft.
The weird part: volume collapsed 282x, but price barely budged.
$MSFT Now at 518.97; the chart closed at 519.21.
MA20 is 519.81, pressing down by 60 cents.
Here's the answer: before Monday 22:30, there is no market here.
Just overnight limit orders bumping into each other; those prints don't count as price discovery.
Above 523.02, we can talk; below 516.66, this setup is invalidated.
(Not investment advice. You are responsible for your own gains and losses.)
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MSFTMSFT+0.59%

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