Microsoft pierces current resistance - Analysis - 23-06-2021

Microsoft's stock (MSFT) rose 1.10% in the last session, steadying at 265.51 and piercing the important resistance of 263.00, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the first resistance at 275.00, provided it holds above 263.00. 

Expected trend for today: Bullish