Microsoft shares closed at $163.49 at the last trading session, noting an increase of 1.08% compared to the previous day. During yesterday's trading session the shares of the software producer grew by 9.73% compared to the previous month. At the same time, the computer and technology sector lost 7.54% and S & P 500 lost 10.5%. Wall Street will expect a positive outlook from Microsoft as we approach the next earnings report date. In this report, analysts expect that Microsoft will make a profit of 1.28 dollars per share. This will mean a 12.28% annual growth.
Microsoft, H4
Pivot: 164.43
Analysis:
Provided that the asset is traded above 160.30, follow the recommendations below:
The timeframe: H4
Recommendation: long position
Entry point: 164.43
Take Profit 1: 171.00
Take Profit 2: 174.10
Alternative scenario:
In case of breakdown of the level 160.30, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 160.30
Take Profit 1: 155.00
Take Profit 2: 151.90
Comment:
RSI is above its neutral area by 50. The MACD is positive and is below its signal line. Price may recover in the short term. Microsoft is below its 20-month moving average (164.89) but above its 50-month moving average (159.35).
Key levels:
Resistance
Support
180.4
160.3
177.3
155.00
174.1
151.9
Microsoft, D1
Pivot: 165.42
Analysis:
While the asset is traded above 160.00, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 165.42
Take Profit 1: 175.00
Take Profit 2: 182.00
Alternative scenario:
If the level 160.00 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 160.00
Take Profit 1: 150.00
Take Profit 2: 143.00
Comment:
RSI shows an uptrend.
Key levels:
Resistance
Support
188.00
160.00
182.00
150.00
175.00
143.00
We also advise you to pay attention to Cisco for intra-day trading:
Pivot: 40.62
Analysis:
While the asset is traded above 35.10, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 40.62
Take Profit 1: 47.90
Take Profit 2: 51.50
Alternative scenario:
If the level 35.10 is broken-down, follow the recommendations below.
Time frame: H4
Recommendation: short position
Entry point: 35.10
Take Profit 1: 29.20
Take Profit 2: 25.70
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