Morgan Stanley may rise to 102.10 - 103.50

Our pivot point is at 95.3.

Our preference

As long as 95.3 is support look for 102.1.

Alternative scenario

The downside breakout of 95.3 would call for 93 and 91.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 97.2255 and 95.2984).

Supports and resistances

104.9 **

103.5 *

102.1 **

100.8

97.44 (USD-last)

96.2

95.3 **

93 *

91.7 **

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