Today’s instrument is the Microsoft Corp.’s stock traded in NASDAQ exchange under the ticker MSFT. 

When we look at the MSFT’s chart, we can see it falling from the $300 price level to its lowest this past week of $282, but immediately recovering its lost ground, having a good close on the 25th of January. Since then, it managed to climb back to the $300 range, whilst reaching as high as $306 during yesterday’s session. It was last found trading at $300 with the closest overhead resistance of $306 and the closest support level at $296.

Photo by Jeremy Bezanger on Unsplash

Today we can expect a move towards the $306 resistance or consolidation at the current level.

If however, it doesn’t manage to hold on to the current level then a move towards and below the $296 can be expected.