Today’s instrument is Microsoft Corp.’s stock traded on the Nasdaq exchange under the ticker MSFT. 

When we look at the MSFT’s chart, we can see that it is in a downward trend, tested its lowest price of the year at around $240, and currently, it is traded at around $262.60. Today, we could expect its price to test its resistance level at around $270 and if able to pass it, to rise towards its next resistance level at around $285. However, if it won’t manage to hold its price above the level of $255, then it could test its next support at around $240-245.

(Click on image to enlarge)

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