Microsoft may fall to 387.00 - 394.00

Our pivot point stands at 429.

Our preference

The downside prevails as long as 429 is resistance.

Alternative scenario

Above 429, look for 441 and 448.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 426.3325 and 418.4806).

Supports and resistances

448 **

441 *

429 **

424

416.06 (USD-last)

401

394 **

387 *

380 **

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