Microsoft stays flat - Analysis - 19-10-2020

Microsoft's stock closed flat after bouncing off a session-high at 222.21 and erasing gains, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with negative signals from the RSI while venting off overbought saturation. 

Therefore we expect the stock to rise and target the pivotal resistance of 232.56, provided the support of 216.26 holds on. 

Expected trend for today: Bullish