Morgan Stanley emits negative signals despite gains - Analysis - 11-06-2019

Morgan Stanley's stock surged 1.38% amid continued negative pressure from the 50-day SMA while the RSI reached overbought levels compared to the stock's movements, while hurt by exiting an ascending price channel in the short term. 

Therefore we expect the stock to return lower, especially if it settled back below 42.80, targeting the support of 40.10. 

Expected trend for today: Bearish