- Morgan Stanley is rising inside impulse wave iv
- Likely to rise to the resistance level of 145.00.
Morgan Stanley continues to rise inside the minor impulse wave iv, which started earlier from the key support level of 135.00 (the former monthly high from November), acting as support after it was broken earlier.
The active impulse wave iv belongs to the higher-order upward impulse sequence (C) from last August.
Given the overriding daily uptrend, Morgan Stanley can be expected to rise further to the next resistance level at 145.00 (the target price for the completion of the active minor impulse wave 3)