Morgan Stanley boosted by current support - Analysis - 18-01-2018

Morgan Stanley's stock (MS) returned higher in the intraday levels, scoring a profit of 1.37% in the last session, or 0.75 points, after leaning on the support of 53.86, lending it positive momentum and sending it higher anew, amid positive pressure from the 50-day SMA, while trading within an ascending price channel in the short term. 

Therefore we expect more gains for the stock, as long as the support of 53.86 holds on, targeting the resistance of 58.04.