Microsoft may rise to 478.00 - 485.00

442 is our pivot point.

Our preference

The upside prevails as long as 442 is support.

Alternative scenario

Below 442, expect 431 and 423.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 435.5675 and 421.9428).

Supports and resistances

492 **

485 *

478 **

470

452.85 (USD-last)

447

442 **

431 *

423 **

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