Tag: MS

CFD Trading – Buy Recommendation On Morgan Stanley (MS.NYS)

Nicholas

Morgan Stanley Stock Code MS.NYS
Buy at $48.90. Stop at $45.80 and target at $56.10

Outlook
Price broke above the cloud on 26 May 2020 and reached a high of $51.85 on 5 June 2020. After reaching this high, a price correction bought price to a low of $44.44, which was also above the Ichimoku cloud,  maintaining the bullish trend. On Friday, price pushed higher with a strong and big candle. Conversion line and Base line have a bullish crossover on Friday, hinting of an to the correction and the start of the bullish trend. Lagging Span is above price of 26 days ago and also above the cloud as well, confirming a strong bullish trend. MACD is bullish confirming a bullish trend ahead with a possible bullish crossover soon. We are expecting price to test the previous high of $56.15.

Strategy 
$48.90                Buy
$56.10                Price Target
$45.80                Risk Management Stop
3 weeks              Trade Duration

CFD Trading 25 July 2019

Nicholas

Well Fargo and Company Stock Code WFC.NYS

Outlook

Price broke above the cloud two days ago and yesterday we had a strong green candlestick that followed the breakout. Price also broke and closed above a recent resistance high. Base and Conversion lines are about to show a bullish crossover. These are bullish signs. A downtrend line connecting the high of $52.45 to the recent high on 5th July was penetrated by the strong green candle yesterday as well.  MACD is still bullish and has a bullish crossover as well, confirming the bullish price trend. If price stays above the cloud and continues its uptrend, it is likely to head towards its previous high at $52.45.

Strategy

$48.20 Buy
$52.40 Price Target
$46.40 Risk Management Stop
3 weeks Trade Duration

Morgan Stanley Stock Code MS.NYS

Outlook

Price has moved above the cloud two days ago and yesterday, there was a strong green candlestick that broke above a recent price high resistance as well as closed a small gap that was created back on 13th May 2019. When price broke above the cloud, a gap was created and price has managed to stay above this gap for the past two days. As long as this gap is not closed, the short term direction is bullish and the near term target is the previous high at $48.50 MACD is above the zero line and bullish. Both lines of the MACD indicators are heading higher as well, hinting of more price rally ahead.

Strategy

$45.50 Buy
$48.50 Price Target
$43.80 Risk Management Stop
3 weeks Trade Duration

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