Ensof0112
Long

MS Textbook Channel UP!

BATS:MS   MORGAN STANLEY
91 0 0
I am planning to follow a short-term long strategy (5-7 days max) in MS             as stated on the chart. I got long tier 2 size as planned on Friday, I will add tier 3 if price breaks out prior highs.
XLF             showed relative strength and might lead other sectors next week if the reversal in SPY             on Friday sustains. MS             has been one of the best acting banks.
Total size and risk is small since price is extended right now.
If the stop triggers,I will try long ideas around the 85 MA(acting as strong support) or would try to buy near the channel support trend line.
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