Microsoft intraday: the downside prevails as long as 216.1 is resistance

Trading Central 2020-11-19 04:41:07

Our pivot point is at 216.1.

Our preference: the downside prevails as long as 216.1 is resistance.

Alternative scenario: the upside breakout of 216.1, would call for 219.9 and 222.2.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Microsoft is trading under both its 20 and 50 period MA (respectively at 213.69 and 215.3).

Supports and resistances:

222.2 **

219.9 *

216.1 **

214.6

213.083 last

207.9

205.6 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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