Morgan Stanley driven lower by current resistance - Analysis - 13-01-2022
2022-01-13 10:45:06 GMT
(Economies.com)
Morgan Stanley's stock (MS) declined in the last session after the pivotal resistance of 105.75 held on, with negative signals from the RSI after reaching overbought levels, as the stock vents off overbought saturation and gathers momentum to pierce that pivotal resistance, amid the dominance of the main upward medium-term trend, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 113.00, provided the resistance of 105.75 was breached.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1346
|
-0.0058
|
0.5127%
|
|
|
|
|
1.3554
|
-0.0103
|
0.7569%
|
|
|
|
Tadawul
|
12238.77
|
-35.50
|
0.29%
|
|
|
|
|
24.347
|
1.336
|
5.803%
|
|
|
|
|
84.900
|
1.031
|
1.229%
|
|
|
|
|
87.69
|
-0.69
|
0.78%
|
|
|
|
|
1834.610
|
14.150
|
0.777%
|
|
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