Microsoft tries to regain footing - Analysis - 22-10-2018

Microsoft's stock returned higher amid the complete dominance of the main upward trend in the medium and short terms along the trend line as shown in the attached chart, with positive signals from the RSI, scoring a nominal profit of 0.15% in the last session, or 0.16 points, while striving to shake off negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 116.18, as long as the support of 105.85 holds on. 

Expected trend for today: Bullish