Microsoft may fall to 362.00 - 371.00

Our pivot point stands at 418.

Our preference

The downside prevails as long as 418 is resistance.

Alternative scenario

The upside breakout of 418 would call for 434 and 443.

Comment

The RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 432.376 and 437.3118).

Supports and resistances

443 **

434 *

418 **

412

399.43 (USD-last)

380

371 **

362 *

353 **

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