Morgan Stanley may rise to 102.50 - 104.10

94.4 is our pivot point.

Our preference

As long as 94.4 is support look for 102.5.

Alternative scenario

Below 94.4, expect 91.7 and 90.1.

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 under its 20 day moving average (98.2422) but above its 50 day moving average (93.8754).

Supports and resistances

105.7 **

104.1 *

102.5 **

100.9

96.675 (USD-last)

95.3

94.4 **

91.7 *

90.1 **

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