Today’s instrument is Microsoft Corp.’s stock traded on the Nasdaq exchange under the ticker MSFT.
Looking at the MSFT’s chart, we can see that after one day run, yesterday it dropped significantly from more than $250 to around $231.20 due to the revenue forecast that fall short of estimates.
Today, if it holds above the level of $230, it could rise towards its resistance level at around $237 otherwise it should fall towards its 52W low at around $219.20.
(Click on image to enlarge)
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