Microsoft intraday: short term rebound towards 235

Microsoft intraday: short term rebound towards 235.9

MSFT

Trading Central 2021-02-24 04:51:15

233.9 is our pivot point.

Our preference: short term rebound towards 235.9.

Alternative scenario: below 233.9, expect 233.2 and 232.9.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Microsoft stands above its 20 period moving average (233.37) but below its 50 period moving average (237.43).

Supports and resistances:

236.7 **

236.3 *

235.9 **

235.6

234.39 last

234.1

233.9 **

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.