Stocks

Microsoft stalls - Analysis - 20-03-2019

2019-03-20 14:17:27 GMT (Economies.com)

Microsoft's stock fell on profit-taking amid the continued dominance of the main upward trend in the medium and short terms, while gathering momentum to help it rise, while also venting off overbought saturation in the RSI, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to rise as long as it settles above 116.18, targeting the resistance of 122.21. 

 

Expected trend for today: Bullish 

 

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