When we look at the Microsoft Corporation (NASDAQ:) chart, we can see it falling from the $300 price level to its lowest this past week of $282.
But the stock immediately recovered its lost ground, having a good close on Jan. 25. Since then, it managed to climb back to the $300 range while reaching as high as $306 during yesterday’s session.
It was last found trading at $300 with the closest overhead resistance of $306 and the closest support level at $296.
Today we can expect a move towards the $306 resistance or consolidation at the current level.
If it doesn’t manage to hold on to the current level, then a move towards and below the $296 can be expected.
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