Microsoft exhausts positive chances - Analysis - 19-09-2023

Microsoft Corp's stock (MSFT) skidded in the intraday levels amid negative signals from the RSI, with negative pressure from the 50-day SMA, as the stock parks finally on the main upward trend line in the short term, which is the last positive chance for the stock to gather momentum and rebound.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 366.78, provided the initial resistance of 338.56 is reliably breached. 

Expected trend for today: Likely Bullish