A cluttered chart showing with all my work of predicting a 60-70% upside opportunity in Morgan Stanley. Target: $65-70 depending on time with more upside if breaks out of long term channel. Stop at 34.31 below golden zone of 2 to 3 Elliott wave move. As low as $33 (50% retrace of waves 1-3 move).
H & S was worth taking the risk needs maintain 40 or 33 could come
Green lines pattern
MS continued expansion core position under 41 added more at 43 last week.
Might not be bad idea to hedge with a put failed 45 not good sign
Morgan Stanley investors are not expecting anything overwhelming from earnings , the warning signs seemed evident as early as May, when JPMorgan's CEO Jamie Dimon projected that his company would see M&A and capital market revenues drop 10% in the second quarter, likely the result of clients postponing deals amid lingering trade policy concerns and a turbulent...
What's going on in the financial Sector? I like to watch the slower moving Morgan Stanley VS. XLF sector. We are watching this for timing rotations into the financial sector. XLF is dominated by BRK.B and JPM.