15.07.2015 - The price of Morgan Stanley approached the strong resistance level

Morgan Stanley's share price continues to grow steadily inside the rising channel and in the near future may reach the psychologically important level of 40.00. Overcoming and fixing the price above this mark will be the basis for the continuation of the rising movement to the target levels at 44.00 and 46.00. On the other hand, in case of correction, quotations will fall to the bottom of the channel. A breaking and consolidation below the local minimum at 37.70 will be the basis for the further reduction of prices to the levels 36.00 and 34.00. Our medium-term outlook is positive.

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