Microsoft may rise to 483.00 - 491.00

Our pivot point is at 439.

Our preference

As long as 439 is support look for 483.

Alternative scenario

The downside breakout of 439 would call for 425 and 416.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 453.477 and 433.179).

Supports and resistances

500 **

491 *

483 **

474

453.55 (USD-last)

445

439 **

425 *

416 **

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