Morgan Stanley touches downward trend line - Analysis - 18-10-2018

Economies.com
2018-10-18 13:53PM UTC

Morgan Stanley's stock rallied 2.72% in the last session, or 1.25 points, testing the main downward short-term trend line, and coinciding with touching the resistance of the 50-day SMA, with positive signals from the RSI. 

 

Therefore we expect the stock to return lower, especially if it settled back below 46.40, targeting the support of 43.06. 

 

Expected trend for today: Likely Bearish 

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