Microsoft trims gains - Analysis - 12-12-2018

Microsoft's stock hit an intraday high at 107.44, bouncing off it lower and trimming the gains to 0.93%, or one point, while trespassing the resistance of the 50-day SMA, shaking off its negative pressure, amid the dominance of the main upward trend in the medium term. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 116.18,  as long as it settles above the support of 107.51. 

Expected trend for today: Bullish