Shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are moving in a corrective trend at the level of 325.00.

On the daily chart, the instrument is trading in a global uptrend, holding below the corridor support line with dynamic boundaries of 335.00–384.00.

In the four-hour chart, after updating the next local low at 328.00, the prospects for the continuation of the downward dynamics have increased significantly, and the price holding below the global channel support line at 335.00 is another confirmation of this. The new local support is now the mid-spring level around 303.00, to which quotes will continue to move in the near future.

Technical indicators have reversed and keep a stable downward signal: the range of EMA fluctuations on the Alligator indicator expands in the direction of decline, and the histogram of the AO oscillator is forming new descending bars, falling in the sales zone.

Trading tips

Short positions can be opened after the price consolidates below the local support level of 319.00 with the target of 303.00. Stop-loss — 325.00. Implementation time: 7 days and more.

Long positions should be opened after the price consolidates above the local resistance of 335.00 with the target of 350.00. Stop-loss — 325.00.