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

2020-08-06 13:23:03 GMT (

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 

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.