Morgan Stanley resumes decline - Analysis - 07-08-2019

Economies.com
2019-08-07 15:10PM UTC

Morgan Stanley's stock returned lower amid negative pressure from the 50-day SMA, while hurt by piercing the main upward medium-term trend, as the RSI reached oversold levels. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 36.75, as long as the resistance of 40.90 holds on. 

 

Expected trend for today: Bearish 

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