Morgan Stanley may rise to 110.70 - 113.60

Our pivot point is at 96.7.

Our preference

Our next up target stands at 110.7.

Alternative scenario

The downside breakout of 96.7 would call for 91.6 and 88.7.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 98.944 and 99.5058).

Supports and resistances

116.7 **

113.6 *

110.7 **

107.6

100.78 (USD-last)

98.7

96.7 **

91.6 *

88.7 **

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