Source: PaxForex Premium Analytics Portal, Technical Insight

Microsoft has set September 10 as the release date of its Surface Duo phone with two screens. The tech giant is returning to the smartphone market with the release of Surface Duo at an initial price of $ 1399. In the U.S., Microsoft allows pre-orders for the Surface Duo phone on Wednesday at its online store and AT&T.

Microsoft, H4

Pivot: 209.81

Analysis:

Provided that the asset is traded above 207.10, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 209.81
• Take Profit 1:  213.30
• Take Profit 2: 215.00

Alternative scenario: 

In case of breakdown of the level 207.10, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 207.10
• Take Profit 1: 204.30
• Take Profit 2: 202.60

Comment:

RSI above 50. MACD is positive and above its signal line. The configuration is positive. Microsoft trades above 20 and 50 moving average (207.78 and 208.47 respectively).

Key levels:

Microsoft, D1

Pivot: 206.90

Analysis:

While the asset is traded above 197.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 206.90
• Take Profit 1: 217.50
• Take Profit 2: 232.00

Alternative scenario:

If the level 197.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 197.00
• Take Profit 1: 186.00
• Take Profit 2: 175.00

Comment:

RSI shows an uptrend.

Key levels:

We also advise you to pay attention to General Electric for intraday trading:

Pivot: 6.80

Analysis:

While the asset is traded above 6.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 6.80
• Take Profit 1: 8.37
• Take Profit 2: 8.89

Alternative scenario:

If the level 6.00 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 6.00
• Take Profit 1: 5.57
• Take Profit 2: 5.29