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.%
0.9685
-0.0292
2.9282%
1.0760
-0.0606
5.3348%
18.737
-0.522
2.710%
78.305
-4.185
5.073%
85.06
-0.56
0.65%
1645.280
-18.670
1.122%
 
 
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