MORGAN STANLEY Stock Code MS.NYS
Outlook
Price reached a high of $94.27 on 7 June and has been declining since that day. The correction send price back to the upper edge of the cloud. Price was able to hold above the cloud, keeping the uptrend intact. Price has recovered and moved higher, hinting that the correction could be over. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with the fast line turning around at the edge of the zero line. If price is able to hold above cloud, it could be heading towards the previous high at $94.27 again in the next 2-3 weeks.
Strategy
$87.80 Buy
$94.25 Price Target
$83.65 Risk Management Stop
2 weeks Trade Duration
