Microsoft may fall to 377.00 - 386.00

Our pivot point stands at 437.

Our preference

As long as 437 is resistance look for 386.

Alternative scenario

The upside breakout of 437 would call for 453 and 462.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 418.788 and 416.65).

Supports and resistances

462 **

453 *

437 **

431

414.67 (USD-last)

396

386 **

377 *

368 **

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