Stocks

Microsoft may fall to 387.00 - 394.00

2024-10-16

Our pivot point is at 432.

Our preference

Eye 394.

Alternative scenario

The upside breakout of 432 would call for 444 and 451.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is below its 20 day moving average (423.57) but above its 50 day moving average (418.436).

Supports and resistances

451 **

444 *

432 **

427

418.78 (USD-last)

402

394 **

387 *

381 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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