Morgan Stanley: ⬆️ Buy
– Morgan Stanley reversed from support level 206.50
– Likely to rise to resistance level 228.65
Morgan Stanley previously reversed sharply from the support level 206.50, which stopped the previous corrections iv and 2.
The support level 206.50 was further strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the upward impulse from April.
Given the strong daily uptrend, Morgan Stanley can be expected to rise to the next resistance level 228.65 (which stopped earlier impulse waves i and 1).