A tough technical picture for Microsoft $MSFT. This is the first 200-Day SMA test since March 2023.
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The S&P 500 Index (SPX) has been attempting for several days to break the resistance zone between 5640-5670. The market needs to break through this level to confirm the bullish trend. Keep an eye on it. Source: Bloomberg
L'Oreal has tested the major support zone of 372-390 over the last three weeks and has started to break out to the upside from that zone! The trend remains bullish. Source: Bloomberg
Source: Stocktwits, Yahoo Finance