Morgan Stanley (US: MS) - Revival of the bull?100.77-101

Morgan Stanley rebounded earlier on 8th March. Since then, prices had a strong consecutive up run especially for the past two days. Short-term target is at US$100.77-US$101.00 region. But we could buy at the lower immediate support at 86.45-87.00 region

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Morgan Stanley tested my support zone at US$86.47-US$87.93. The hourly chart shows a bullish engulfing candle but prices need to leave the above-mentioned zone by at least 3%. Or else, it would go lower at US$76.13-US$77.87.