Microsoft may fall to 387.00 - 394.00

Our pivot point is at 429.

Our preference

The downside prevails as long as 429 is resistance.

Alternative scenario

The upside breakout of 429 would call for 441 and 448.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 426.3325 and 418.4806).

Supports and resistances

448 **

441 *

429 **

424

416.06 (USD-last)

401

394 **

387 *

380 **

Number of asterisks represents the strength of support and resistance levels.