Stocks

Microsoft may fall to 404.00 - 408.00

2024-08-27

Pivot

419.00

Our preference

Short positions below 419.00 with targets at 408.00 & 404.00 in extension.

Alternative scenario

Above 419.00 look for further upside with 425.75 & 432.00 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

432.00

425.75

419.00

413.63 Last

408.00

404.00

399.00

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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