Morgan Stanley suffers from negative pressures - Analysis - 22-08-2019

Morgan Stanley's stock fell in the intraday levels while hurt by piercing the main upward trend line in the medium term, with negative pressure from the 50-day SMA, while trying to correct the downward trend until bumping into the resistance of 40.90. 

Therefore we expect more losses for the stock, as long as the resistance of 40.90 holds on, targeting the first support at 38.76. 

Expected trend for today: Bearish