Microsoft touches SMA resistance - Analysis - 17-10-2018

Microsoft's stock moved alongside the main upward trend line in the medium term as shown in the attached chart, with positive signals form the RSI after reaching oversold levels, marking a final profit of 3.16%, or 3.40 points, and touching the resistance of the 50-day SMA in an attempt to shake off its negative pressure. 

Therefore we expect more gains for the stock, provided the support of 105.85 held on, targeting the pivotal resistance of 116.18. 

Expected trend for today: Bullish