Morgan Stanley driven lower by current resistance - Analysis - 15-12-2017

Morgan Stanley's stock (MS) fell in the intraday levels, recording a loss of 1.02% in the last session, or 0.54 points, after the resistance of 53.86 held on, as the stock tries to vent off overbought saturation in the RSI, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, provided the resistance of 53.86 is breached, targeting the next one at 55.37.