Morgan Stanley moves in tight range - Analysis - 06-10-2021

Morgan Stanley's stock (MS) returned higher with a 2.11% profit, while trading within a tight range, amid attempts to vent off oversold saturation in the RSI, while hurt by piercing the main upward trend line, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the first support at 94.15, provided it holds below 98.70. 

Expected trend for today: Bearish