Microsoft strives to pierce current resistance - Analysis - 23-07-2019

Microsoft's stock hit a session-high at 139.91, bouncing off it lower and paring gains, while continuing to struggle with the stubborn 138.83 resistance, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, provided the resistance of 138.83 was breached, targeting the next one at 145.07. 

Expected trend for today: Bullish