Stocks

Microsoft may rise to 468.00 - 474.00

2024-06-21

432 is our pivot point.

Our preference

The upside prevails as long as 432 is support.

Alternative scenario

The downside breakout of 432 would call for 421 and 414.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 430.2555 and 418.9008).

Supports and resistances

481 **

474 *

468 **

460

445.7 (USD-last)

437

432 **

421 *

414 **

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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