51.9000
Change
0.9800
Change %
1.9246%
Open
51.9000
Close
51.9000
High
51.9000
Low
51.9000
Morgan Stanley driven lower by descending correctional wave - Analysis - 13-06-2018
2018-06-13 12:24:50 GMT (Economies.com)
Morgan Stanley driven lower by descending correctional wave - Analysis - 13-06-2018
 

Morgan Stanley's stock (MS) fell in the intraday levels, recording a new loss of 0.89% in the last session, or 0.46 points, while settling below the resistance of 52.14, 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 pressure from the 50-day SMA. 

 

Therefore we expect more losses for the stock, as long as the resistance of 52.14 holds on, targeting the next support at 49.91, which represents the ratio 50% of the same retracement levels. 

 
 
 
  Symbol Last Change Chg.%
1.1657
0.0065
0.5633%
1.3263
-0.0001
0.0041%
16.445
-0.113
0.682%
69.320
4.947
7.686%
75.59
2.53
3.46%
1269.655
-10.115
0.790%
 
 
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