The Pivot Points levels for Microsoft for the U.S. session:
PP: 512.35;S1: 509.26; S2: 504.24; S3: 501.15;R1: 517.37; R2: 520.46; R3: 525.48.
The Pivot Points level is currently set at 512.35. The market opened above this level, which indicates the prevalence of optimism among traders and makes long positions more attractive throughout the day.
Trading recommendations:
The intraday support levels are the S1, the S2 and the S3.
The resistance levels R1, R2, and R3 are at 517.37, 520.46, and 525.48 respectively.
The signals to enter the market can be found both near the PP level and when a deeper rollback is formed near the S1, S2, S3 levels. The profit is fixed when the R1, R2, and R3 resistance levels are reached.
