Microsoft may rise to 483.00 - 490.00

Our pivot point is at 443.

Our preference

The upside prevails as long as 443 is support.

Alternative scenario

Below 443, expect 430 and 423.

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 above its 20 and 50 day moving average (respectively at 441.5495 and 424.8974).

Supports and resistances

498 **

490 *

483 **

475

459.28 (USD-last)

448

443 **

430 *

423 **

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