The Pivot Points levels for Microsoft for the U.S. session:
PP: 488.19;S1: 484.37; S2: 480.82; S3: 477.00;R1: 491.74; R2: 495.56; R3: 499.11.
The Pivot Points level is 488.19. 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:
Intraday the support levels are at S1 484.37, S2 480.82 and S3 477.00.
The market entry signals can be considered intraday on the R1, R2, R3 resistance levels.
The market can be entered both from the PP level and when a price rolls back to the R1, the R2, the R3. The profit is fixed when the price reaches the S1, S2, S3 levels.
