Morgan Stanley tries to pierce stubborn resistance - Analysis - 14-09-2021

Morgan Stanley's stock (MS) rose 0.75% in the last session, settling at 104.40 while trying to pierce the pivotal resistance of 104.65, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the resistance of 110.00, provided the resistance of 104.65 was breached. 

Expected trend for today: Bullish