Microsoft tries to shake off negative pressure - Analysis - 15-10-2018

Microsoft's stock rose in the intraday levels while trading alongside the main upward trend line in the medium term as shown in the attached chart, and as the RSI reached oversold levels, with the stock scoring a profit of 3.46% in the last session, or 3.66 points, while attempting to shake off negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the resistance of 116.18, as long as the support of 105.85 holds on. 

Expected trend for today: Bullish