Microsoft tries to recoup losses - Analysis - 11-05-2022

Microsoft's stock (MSFT) rose 1.86% in the last session, settling at 269.50, with trading volumes surpassing 39.3 million shares, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect the stock to return lower, targeting the pivotal support of 263.19.

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Expected trend for today: Bearish