Microsoft tries to shake off negative pressure - Analysis - 12-10-2021

2021-10-12 11:59:31 GMT (Economies.com)
 

Microsoft's stock (MSFT) fell 0.21% in the last session after touching the resistance of the 50-day SMA, while gathering momentum to shake off negative pressure, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 305.35, provided it holds above 289.90.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1310
0.0040
0.3527%
1.3320
0.0010
0.0766%
Tadawul
10810.60
-60.02
0.55%
22.906
-0.140
0.605%
69.411
-2.990
4.130%
73.74
0.30
0.41%
1791.295
6.205
0.348%
 
 
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