Morgan Stanley may fall to 82.80 - 85.50

Our pivot point is at 98.8.

Our preference

The downside prevails as long as 98.8 is resistance.

Alternative scenario

Above 98.8, look for 103.4 and 106.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 100.207 and 99.1402).

Supports and resistances

106.2 **

103.4 *

98.8 **

97

94.84 (USD-last)

88.1

85.5 **

82.8 *

80.1 **

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