Morgan Stanley may rise to 101.30 - 102.70

Our pivot point is at 94.4.

Our preference

As long as 94.4 is support look for 101.3.

Alternative scenario

The downside breakout of 94.4 would call for 92.2 and 90.9.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 96.681 and 96.2988).

Supports and resistances

103.9 **

102.7 *

101.3 **

99.9

97.19 (USD-last)

95.3

94.4 **

92.2 *

90.9 **

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