Morgan Stanley's stock (MS) fell in the intraday levels, recording a loss of 0.20% in the last session, or 0.10 points, and ending a session marked with volatility, while breaching the 52.14 support, which represents the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the short term (from 40.43 to 59.38), with negative signals from the RSI, coupled with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, as long as it settles below 52.14, targeting the next support at 49.91, which represents the ratio 50% of the same retracement levels.