Morgan Stanley collects profits - Analysis - 22-01-2020

Economies.com
2020-01-22 11:45AM UTC

Morgan Stanley's stock fell on profit-taking while gathering momentum to help it rise anew while also venting off overbought saturation in the RSI, amid the dominance of the upward trend in the medium and short terms, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 59.35. 

 

Expected trend for today: Bullish 

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