Morgan Stanley in a free fall - Analysis - 11-10-2018

Economies.com
2018-10-11 13:21PM UTC

Morgan Stanley's stock tumbled 3.34% in the last session, or 1.54 points, while trading alongside the downward correctional short-term trend line, with negative pressure from the 50-day SMA, coupled with a surge in trading volumes. 

 

Therefore we expect more losses for the stock, as long as the resistance of 46.40 holds on, targeting the support of 43.84. 

 

Expected trend for today: Bearish 

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