- Morgan Stanley broke resistance level 177.40
- Likely to rise to resistance level 191.95
Morgan Stanley recently broke the resistance zone between the resistance level 177.40 (former support from January, which has been reversing the price from February) and the resistance trendline from January.
The breakout of the resistance level 177.40 coincided with the breakout of the 61.8% Fibonacci correction of the downward ABC correction from January.
Given the weekly uptrend, Morgan Stanley can be expected to rise toward the next resistance level 191.95, former multi-month high from January.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.