Microsoft may fall to 369.00 - 378.00

Our pivot point is at 429.

Our preference

Under pressure below 429.

Alternative scenario

The upside breakout of 429 would call for 444 and 453.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 419.6525 and 416.448).

Supports and resistances

453 **

444 *

429 **

423

415.13 (USD-last)

387

378 **

369 *

361 **

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