Microsoft stalls - Analysis - 25-04-2019

Economies.com
2019-04-25 11:13AM UTC

Microsoft's stock fell 0.34% in the last session, or 0.43 points, as traders collected profits while the stock vented off overbought saturation in the RSI, amid positive pressure from the 50-day SMA, with the complete dominance of the main upward trend in the medium and short terms. 

 

Therefore we expect the stock to rise and target the resistance of 129.25, as long as the support of 122.21 holds on. 

 

Expected trend for today: Bullish 

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