Morgan Stanley leans on SMA support - Analysis - 28-10-2021

Morgan Stanley's stock (MS) fell 1.55% in the last session, settling at 101.87 while gathering momentum to help it rise anew, while leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 105.75 soon.

Expected trend for today: Bullish