Morgan Stanley may rise to 109.90 - 111.80

99.4 is our pivot point.

Our preference

As long as 99.4 is support look for 109.9.

Alternative scenario

The downside breakout of 99.4 would call for 96.2 and 94.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 102.188 and 99.5556).

Supports and resistances

113.8 **

111.8 *

109.9 **

108

103.56 (USD-last)

100.6

99.4 **

96.2 *

94.4 **

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