Microsoft ST : as long as 523.56 is resistance look for 479.25

Our pivot point is at 523.56.

Our preference: as long as 523.56 is resistance look for 479.25

Alternative scenario: above 523.56, look for 537.58 and 545.92.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (505.75) but below its 50 period moving average (510.39).

Supports and resistances:

545.92 **

537.58 *

523.56 **

518.06

509.90 USD - last

487.45

479.25 **