Microsoft intraday : the downside prevails as long as 382.77 is resistance
The configuration is negative.
Our pivot point is at 382.77.
Our preference: the downside prevails as long as 382.77 is resistance
Alternative scenario: above 382.77, look for 386.29 and 388.39.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 384.16 and 389.20).
Supports and resistances:
388.39 **
386.29 *
382.77 **
381.38
378.79 USD - last
372.79
370.71 **
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