Microsoft climbs in negative territory - Analysis - 25-03-2020

2020-03-25 10:58:35 GMT (Economies.com)
 

Microsoft's stock surged 9.09% in the last session to settle at 148.34, while still remaining below the pivotal resistance of 153.63, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the long term (from 94.06 to 190.56), with negative pressure from the 50-day SMA, while the stock is hurt by piercing the main upward trend line.

 

Therefore we expect the stock to return lower, targeting the support of 131.00, which represents the ratio 61.8%. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0809
-0.0326
2.9264%
1.2267
-0.0188
1.5090%
Tadawul
6752.19
2.50
0.04%
14.417
-0.029
0.201%
28.815
6.987
32.012%
34.94
5.00
16.70%
1620.000
-0.150
0.009%
 
 
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