Microsoft may rise to 450.00 - 459.00

Our pivot point stands at 405.

Our preference

Short term rebound towards 450.

Alternative scenario

The downside breakout of 405 would call for 389 and 380.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands above its 20 day moving average (416.652) but below its 50 day moving average (435.5408).

Supports and resistances

469 **

459 *

450 **

440

418.47 (USD-last)

411

405 **

389 *

380 **

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