Morgan Stanley resumes decline - Analysis - 29-07-2020

Morgan Stanley's stock returned lower with a 2.07% loss, while seeking a bottom to bolster it higher anew, as it trades alongside the upward short-term trend line, with support from the 50-day SMA, with positive signals from the RSI. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 57.56, provided the resistance of 52.00 was breached. 

Expected trends for today: Bullish