Morgan Stanleys stock (MS) rose in the intraday levels, amid the dominance of the main upward trend in the short term, with positive signals from the RSI after reaching oversold levels, after leaning on the support of the 50-day SMA, lending the stock some positive momentum.

Therefore we expect more gains for the stock, targeting the resistance of $103.25, provided the support of $94.15 holds on.

Trend forecast: Bullish