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Morgan Stanley (MS) “On a long-term technical basis, the stock (MS) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 48.27 and 41.38. If the stock breaks down through support at 48.27 then it will probably continue lower to 41.38. The stock has resistance at 50.20 and at 53.42. If the stock breaks up through resistance at 50.20 then it will probably continue higher to 53.42. The 200-day moving average is at 46.67. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 48.27 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (37.69).”
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