Morgan Stanley falls in search of momentum - Analysis - 11-08-2017

Morgan Stanley's stock (MS) fell in the intraday levels, recording a new loss of 2.83% in the last session, or 1.35 points, as the stock seeks a bottom to bounce it higher, while gathering momentum to help it rise anew, as it trades within the main upward medium-term trend line, with positive pressure from the 50-day SMA, as relative power indicators reached extremely oversold levels compared to the stock's movement. 

Therefore we expect the stock to return higher, provided it settles back above 47.33, targeting the resistance of 51.78.