Microsoft may fall to 375.00 - 383.00

Our pivot point is at 428.

Our preference

Target 383.

Alternative scenario

Above 428, look for 443 and 452.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (420.122) but above its 50 day moving average (415.8776).

Supports and resistances

452 **

443 *

428 **

422

416.07 (USD-last)

392

383 **

375 *

366 **

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