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 200.51 suggesting the next support level is at 198.52. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 198.52 and 187.53. If the stock breaks down through support at 198.52 then it will probably continue lower to 187.53. The stock will meet resistance at 200.51 and 210.73. If the stock breaks up through resistance at 200.51 then it will probably continue higher to 210.73. The 200-day moving average is at 181.82. This will also act as support. The stock is extremely oversold according to the Stochastic Indicator (15.56).”