Morgan Stanley may rise to 105.70 - 107.40

Our pivot point stands at 96.3.

Our preference

The upside prevails as long as 96.3 is support.

Alternative scenario

Below 96.3, expect 93.5 and 91.8.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 96.8 and 93.4398).

Supports and resistances

109.1 **

107.4 *

105.7 **

104

98.92 (USD-last)

97.4

96.3 **

93.5 *

91.8 **

Number of asterisks represents the strength of support and resistance levels.