20.04.2016 - Price of Microsoft may correct after recent gains

Price of Microsoft reached a strong resistance level at 56.60 and in case of fixing the price above this level, we expect continued growth within the current ascending channel till 60.00. In case of correction, quotations may return to the level of 55.00 and the bottom of the channel. In case of breaking through it, a signal to sell with the target at 50.00 will be fixing of quotations below the level of 54.00. Our medium-term outlook is positive, but in the coming days, there is a high probability of a downward correction.

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