Morgan Stanley may rise to 127.30 - 130.10

Our pivot point stands at 113.5.

Our preference

The upside prevails as long as 113.5 is support.

Alternative scenario

The downside breakout of 113.5 would call for 108.7 and 105.9.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (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 110.025 and 104.1398).

Supports and resistances

133 **

130.1 *

127.3 **

124.3

118.32 (USD-last)

115.4

113.5 **

108.7 *

105.9 **

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