MSFT BEARISH

Microsoft’s (MSFT) MACD in the daily timeframe shows bearish momentum and the price closed below the $251 level. Hence a daily close below $248 could provide short-selling opportunities as prices could retest the $234 support. In addition, an EMA10- EMA20 deadly cross could further support this bearish possibility. In contrast, Microsoft could trend higher if prices closed above $257. Such price action could open the door for a retest of February 2023’s high of $275.