Stocks

Microsoft gathers positive momentum - Analysis - 06-08-2020

2020-08-06 13:23:03 GMT (Economies.com)

Microsoft's stock fell after the resistance of 216.26 held on, while gathering momentum to help it rise anew, as it vents off overbought saturation from the RSI, while trading within an ascending price channel that guided recent trading, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 226.22, provided the resistance of 216.26 was breached. 

 

Expected trend for today: Bullish 

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