Microsoft exhausts positive chances - Analysis - 13-11-2018

Microsoft's stock fell after receiving pressure from the 50-day SMA, while venting off overbought saturation in the RSI, thus gathering momentum to help it rise anew, while recording a final loss of 2.46% in the last session, or 2.70 points, as the stock also traded alongside the main upward medium-term trend line. 

Therefore we expect the stock to return higher, provided the support of 104.84 holds on, targeting the resistance of 116.18. 

Expected trend for today: Likely Bullish