gtrades
Short

MS Short swing trade idea

BATS:MS   MORGAN STANLEY
121 0 0
7/2 MS             Short swing trade set up. Closed below 50 SMA today. Short at the break of support in the 23.91-24.00 area, using the descending trendline to set a stop.

Could also short within the area of the trend lines with the same stop. That may be a little tricky since the 50 SMA could act as support if reclaimed.

1st target is top of the gap at 22.67. Next target is 20.77-20.95 zone. Full measured move target is 22.65, which is close to this support zone .
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