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

2019-08-07 15:10:34 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1120
0.0058
0.5266%
1.3333
0.0196
1.4885%
Tadawul
8005.77
-127.95
1.57%
16.940
0.368
2.221%
59.797
0.686
1.161%
64.95
0.75
1.17%
1475.445
15.600
1.069%
 
 
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