The Pivot Points levels for Microsoft for the U.S. session:
PP: 399.47;S1: 394.57; S2: 391.79; S3: 386.89;R1: 402.25; R2: 407.15; R3: 409.93.
The Pivot Points level is 399.47. The chart shows the market opening below this level, which indicates the predominance of negative sentiment. Therefore, it is advisable to look for opportunities to open short positions throughout the day.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 394.57, S2 391.79, and S3 386.89 levels.
The resistance levels are marked with red and are located at R1 402.25, R2 407.15 and R3 409.93.
The entry points should be considered at the PP level and when the price rolls back to the area of the resistance levels marked with red. The transaction closes when the price reaches the S1, S2, S3 levels.
