Morgan Stanley may rise to 110.30 - 112.10

Our pivot point stands at 99.4.

Our preference

The upside prevails as long as 99.4 is support.

Alternative scenario

Below 99.4, expect 96.3 and 94.5.

Comment

The RSI is above 50. 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 101.012 and 99.138).

Supports and resistances

113.9 **

112.1 *

110.3 **

108.4

102.09 (USD-last)

100.5

99.4 **

96.3 *

94.5 **

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