kent.a.jones.77
Long

MS Breakout of short term bearish pattern

NYSE:MS   MORGAN STANLEY
10 0 0
This is my second attempt at a chart analysis and I took it a step farther and added some indicators and even used it to plan and execute a trade. I saw the gap up into the EMA9 along with the Stochastics and RSI indicators both showing some bullish action as a chance for a bullish trade. Although, after such a rough week, I did it with some serious downside protection. I went long at 34.11 and bought a 34.50 put for $54.
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