CFD Trading – Buy Morgan Stanley (MS.NYS) @ $84.85. Stop @ $81.90 and Target @ $91.45.

Morgan Stanley Stock Code MS.NYS

Outlook

Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish after a bullish crossover and is hinting at a bullish price trend ahead. We think price is likely to move higher to the previous high at $91.48 in the next 2-3 weeks.

Strategy                  

$84.85                Buy

$91.45                Price Target

$81.90                Risk Management Stop

3 weeks              Trade Duration

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