Morgan Stanley starts higher - Analysis - 19-06-2019

Morgan Stanley's stock rose in the intraday levels with positive signals from the RSI after reaching oversold levels, with negative pressure from the 50-day SMA, while contained by exiting an ascending price channel that guided recent trading. 

Therefore we expect the stock to return lower as long as the resistance of 44.70 holds on, targeting the support of 42.80. 

Expected trend for today: Bearish