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

2021-10-06 12:23:52 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.0754
0.0101
0.9476%
1.2651
0.0088
0.7013%
22.110
0.198
0.904%
114.042
3.903
3.544%
117.55
0.15
0.13%
1854.785
-1.650
0.089%
 
 
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