Morgan Stanley had a nice bounce off the gartley pattern, as what we mentioned in the earning preview. Here we got this double bottom, which can be treated as a confirmation entry of the pattern! What's more, it's pretty much at the 40.00 fig! Accordingly, I'm willing to take this long and put my out below 38.5! Let's see how it goes yo!
Entry level $51.60 = Target price $56.00 = Stop loss $50.00 Multiple buy signals on all time frames but we are highlighting the ultimate buy signal on the daily chart, The Golden cross which is in the process of coming to fruition. MACD reverses off the zero line on the Monthly chart and has regained middle BB support. Histogram ticking higher, stochastic and...
After positive earnings this quarter, seeing the end of wave IV. After the break of the current resistance zone, starting the move up in wave V. A very good opportunity to buy. Potentially can bounce low first, which would give us a better risk-reward. Most banks and investment funds target the price for this stock above $50. Good Luck!
As you know MS released great report and i'm waiting good gain on it
was watching the big short about morgan stanley wanted to see what their stock price did during the 07-08 crash, how long it took to recover etc. Very interesting. Once it went public back in early 90s you can see a clear 1-5 wave impulse. The 5 wave was clearly most extended of all the impulse waves which typically means a retracement to 786, 88, even up to...
Morgan Stanley – In Progress of 5th Motive Wave Competition. Once Completed, we can see the reversal which is Corrective Wave.
0, 1 & 2 - .618 Retracment 3 Wave - 2.618 High 4 Wave Completed with with .236 5 Wave to be the same size of 0, 1 Projection: 5th Wave and Corrective Wave
NYSE:MS is a STRONG SELL. NYSE:MS had a failed 3rd Wave (Didn't travel 100% of Wave 1) Will update. -AB
Here's a chart that nicely illustrates how the 0.618 and 0.786 levels are frequently used as reversal points by the market. Price is ping-ponging back and forth between these key levels, and we can also see an almost full Volume Profile (parabolic in shape). The shape of this VP tells us that all the prices within this given range have been discovered, with the...
MS - Morgan Stanley share prices breached the resistance trendline to the upside highlighted in red three sessions ago, but was pulled back on Tuesday session. The recovery hope is still alive as long as it remains above 40.30 support level. Share prices fell on Tuesday session and almost touch 40.30 support level before heading back up and closing at around its...