Morgan Stanley climbs within descending price channel - Analysis - 06-09-2018

Morgan Stanley's stock closed flat in the intraday levels, with positive signals from the Relative Strength Index, scoring a nominal profit of 0.02%, while trading within a descending correctional price channel as shown in the attached chart, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, as long as it settles below 49.41, targeting the support of 46.28. 

Expected trend for today: Bearish