Microsoft may rise to 484.00 - 491.00

448 is our pivot point.

Our preference

The upside prevails as long as 448 is support.

Alternative scenario

The downside breakout of 448 would call for 435 and 428.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 443.7845 and 426.0936).

Supports and resistances

499 **

491 *

484 **

476

460.77 (USD-last)

453

448 **

435 *

428 **

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