Microsoft may fall to 390.00 - 396.00

428 is our pivot point.

Our preference

The downside prevails as long as 428 is resistance.

Alternative scenario

The upside breakout of 428 would call for 440 and 447.

Comment

The RSI is below its neutrality area at 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 420.8795 and 419.4406).

Supports and resistances

447 **

440 *

428 **

424

418.16 (USD-last)

403

396 **

390 *

383 **

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