Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Morgan Stanley's stock (MS) tumbled in the intraday levels, registering a hefty loss of 2.83% in the last session, or 1.31 points, and breaching the secondary upward trend line's support in the short term as shown in the attached chart, as the stock seeks a bottom to buoy it anew, amid ongoing positive support from the SMA for the last 50 days period, as relative power indicators reached extremely oversold levels alongside the stock's tumble.
Therefore we expect further correctional decline to come for the stock, targeting the pivotal support of 44.04.