Morgan Stanley attacks downward trend line - Analysis - 03-11-2022

Economies.com
2022-11-03 12:46PM UTC

Morgan Stanley's stock (MS) rose in the intraday levels, shaking off negative pressure from the 50-day SMA, while tackling the main downward short-term trend line, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 92.30, provided the support of 81.22 holds on.

 

Expected trend for today: Bullish

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