Stocks

Microsoft may fall to 388.00 - 395.00

2024-10-18

432 is our pivot point.

Our preference

The downside prevails as long as 432 is resistance.

Alternative scenario

Above 432, look for 444 and 451.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 421.735 and 419.1312).

Supports and resistances

451 **

444 *

432 **

427

416.72 (USD-last)

402

395 **

388 *

381 **

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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