Morgan Stanley gives in to negative pressure - Analysis - 22-09-2020

Morgan Stanley's stock fell 3.43% in the last session amid negative pressure from the 50-day SMA while hurt by piercing the upward trend line recently in the short term, with negative signals from the RSI despite reaching oversold levels. 

Therefore we expect more losses for the stock, targeting the support of 44.45, provided the support of 48.85 was breached.

Expected trend for today: Bearish