Morgan Stanley may rise to 104.40 - 105.90

Our pivot point is at 97.

Our preference

The upside prevails as long as 97 is support.

Alternative scenario

The downside breakout of 97 would call for 94.7 and 93.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 97.1865 and 96.9354).

Supports and resistances

107.3 **

105.9 *

104.4 **

103

99.59 (USD-last)

98

97 **

94.7 *

93.2 **

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