Morgan Stanley may rise to 130.90 - 134.10

Our pivot point is at 112.5.

Our preference

The upside prevails as long as 112.5 is support.

Alternative scenario

Below 112.5, expect 107.4 and 104.4.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 106.5825 and 102.1238). Finally, Morgan Stanley is trading above its upper Bollinger band (standing at 115.63).

Supports and resistances

137.2 **

134.1 *

130.9 **

127.8

119.51 (USD-last)

114.5

112.5 **

107.4 *

104.4 **

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