Microsoft stalls - Analysis - 24-06-2021

Microsoft's stock (MSFT) fell in the last session on profit-taking while gathering momentum to help maintain the main upward trend in the medium and short terms, with support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought  levels, confirming the breach of the pivotal resistance of 263.00.

Therefore we expect more gains for the stock, targeting the resistance of 274.00, provided it holds above 263.00. 

Expected trend for today: Bullish