Microsoft may rise to 452.00 - 460.00

Our pivot point stands at 412.

Our preference

As long as 412 is support look for 452.

Alternative scenario

The downside breakout of 412 would call for 398 and 389.

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 422.131 and 416.0064).

Supports and resistances

469 **

460 *

452 **

443

423.85 (USD-last)

418

412 **

398 *

389 **

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