Microsoft may rise to 472.00 - 479.00

Our pivot point is at 437.

Our preference

The upside prevails as long as 437 is support.

Alternative scenario

The downside breakout of 437 would call for 426 and 419.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 431.2185 and 419.4312).

Supports and resistances

486 **

479 *

472 **

465

449.78 (USD-last)

442

437 **

426 *

419 **

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