The Pivot Points levels for Microsoft for the U.S. session:
PP: 509.73;S1: 504.69; S2: 501.92; S3: 496.88;R1: 512.50; R2: 517.54; R3: 520.31.
Currently the Pivot Points value is at 509.73. A market opening below this figure will send a signal that negative sentiment is prevailing. In this regard, it is worth focusing on finding entry points for opening short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 504.69, S2 501.92, and S3 496.88 levels.
The resistance levels are marked with red and are located at R1 512.50, R2 517.54 and R3 520.31.
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.
