TamirHa
Long

MS in a good place for long entry

NYSE:MS   MORGAN STANLEY
81 0 1
MS             in a long term uptrend channel .
in the beginning of 2014 price reached top of the channel and corrected 15%
after price tried to extend gains but needed to consolidate first, creating an ascending triangle .
price broke 33.5$ resistence on nice relative (august) vol             - in grey circle.
today i belive was a check of the 33.5$ level and day ended with hammerish candlestick
long term this stock is a buy and here is a great entry point.
there is a resistence at 35.75$ - traders should take some profit there (just in case) and raise stop to 33.45 at break above 35.75$
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