Microsoft intraday : the downside prevails as long as 393.40 is resistance
The configuration is negative.
Our pivot point is at 393.40.
Our preference: the downside prevails as long as 393.40 is resistance
Alternative scenario: above 393.40, look for 397.02 and 399.17.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 392.72 and 391.35).
Supports and resistances:
399.17 **
397.02 *
393.40 **
391.97
389.90 USD - last
385.02
382.87 **
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