Morgan dips on profit-taking - Analysis - 15-07-2019

Morgan Stanley's stock surged recently, hitting the resistance of 44.70 and bouncing back to collect recent profits, while gathering momentum to help it rise anew, with positive support from the 50-day SMA, coupled with positive signals from the RSI, amid the dominance of the upward correctional trend in the medium term. 

Therefore we stand neutral until the stock moves on 44.70, with a breach opening the door for more gains, targeting thereafter 47.05. 

Expected trend for today: Bullish