VantageMarkets

Morgan Stanley continues to hold back the bears.

Long
BATS:MS   Morgan Stanley
Morgan Stanley - 30d expiry - We look to Buy at 83.45 (stop at 80.45)

83 continues to hold back the bears.
We look for a temporary move lower.
Further upside is expected although we prefer to set longs at our bespoke support levels at 83.00, resulting in improved risk/reward.
We look to buy dips.
82.74 has been pivotal.

Our profit targets will be 90.95 and 92.95

Resistance: 89.47 / 91.82 / 94.00
Support: 87.06 / 85.00 / 83.00

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