Taking a look at Microsoft after the recent release of the US unemployment data. Currently, its shares are trading at around $318.15 a share.

Taking a look at Microsoft after the recent release of the US unemployment data, the US economy is showing to be more resilient than the Fed is wanting. Currently, its shares are trading at around $318.15 a share. If we look at the chart from a daily outlook, we can see that the trend is still bearish but it seems like it may have found some support at $311.56. The price has tested this support on 4 occasions and it has managed to uphold for the time being. Resistance now sits at $321.74 (today’s high) followed by $322.44. A break above $32.44 may see the price head towards the descending trendline of the triangle, which would create a possibility for a break above meanwhile ending the recent retracement. A break below the key support of $311.56 could see the falls continue where the next support sits at $305.15. If we look at the technical indicators, the MACD is started flat and looks like it may start turning positive. Additionally, the RSI has now turned to neutral as it reads 45.