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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