Morgan Stanley may fall to 88.60 - 89.90

Our pivot point stands at 97.3.

Our preference

Eye 89.9.

Alternative scenario

The upside breakout of 97.3 would call for 99.6 and 101.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under its 20 day moving average (97.727) but above its 50 day moving average (95.0526).

Supports and resistances

101 **

99.6 *

97.3 **

96.4

95.5 (USD-last)

91.4

89.9 **

88.6 *

87.3 **

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