Microsoft exhausts positive chances - Analysis - 07-01-2021

Microsoft's stock (MSFT) tumbled 0.79% in the last session amid negative pressure from the 50-day SMA, with negative signals from the RSI, settling at 313.88, parking at the support of the upward short-term trend line.

Therefore we expect the stock to return higher, targeting the resistance of 329.90, provided the pivotal support of 306.00 holds on.

Expected trend for today: Bullish