Microsoft Corporation (MSFT) “On a long-term technical basis, the stock (MSFT) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 216.83 suggesting the next support level is at 200.73. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 200.73 and 189.92. If the stock breaks down through support at 200.73 then it will probably continue lower to 189.92. The stock will meet resistance at 203.14 and 216.38. If the stock breaks up through resistance at 203.14 then it will probably continue higher to 216.38. The 200-day moving average is at 189.92. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (25.92).”