Morgan Stanley receives positive support - Analysis - 23-09-2021

Morgan Stanley's stock (MS) rose 2.54% in the last session after leaning on the main upward medium-term trend line, while also leaning on the 50-day SMA, amid positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 104.70, provided the support of 98.70 holds on.

Expected trend for today: Bullish