Morgan Stanley breaches current resistance - Analysis - 21-09-2018

Morgan Stanley's stock rose in the intraday levels, scoring a fresh profit of 1.59% in the last session, or 0.78 points, while buoyed by exiting a descending correctional price channel that limited recent short-term trading, managing thereafter to shake off negative pressure from the 50-day SMA, while piercing the resistance of 49.41. 

Therefore we expect more gains for the stock, as long as it settles above 49.41, targeting the resistance of 52.72. 

Expected trend for today: Bullish