Microsoft intraday: short term rebound towards 219

Microsoft intraday: short term rebound towards 219.6

MSFT

Trading Central 2021-01-13 04:52:04

Our pivot point stands at 212.9.

Our preference: short term rebound towards 219.6.

Alternative scenario: the downside breakout of 212.9 would call for 210.3 and 208.8.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Microsoft is trading under both its 20 and 50 period moving average (respectively at 215.85 and 217.42).

Supports and resistances:

222.6 **

221.1 *

219.6 **

218

214.97 last

213.9

212.9 **

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