End of an upgoing impulse confirmed, initiating a new downward ABC pattern.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent...
Morgan Stanley
Short Term - We look to Sell at 87.23 (stop at 89.69)
The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Prices expected to stall near trend line resistance. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 80.98 and 79.00...
The goal is $100. After parsing the SPX, I see a similar pattern of head and shoulders. The feeling is that we will fall to the level of $79 by the end of August. Then the upward movement, after the breakdown and consolidation of the $ 87 level, I see the goals of $ 93 and $ 100.
Hey all, I'm currently positioning myself for the next leg lower in the stock market. I am very confident Morgan Stanley's chart has topped out for a while to come and presents a safe shorting opportunity, in my opinion. I am looking for an entry *slightly* higher than where it currently rests. May try to time shorts when SPY gets to high 410's.
The PEAD projected a Bullish outlook for $MS after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Very long impulse wave with a bottom of 27.20 and a top of 109.73. MS reached it's high and looks it like price bounced around in a rectangle top for a while before breaking the bottom trend line which is now resistance. The bottom trendline of the rectangle top appears to have become the resistance line of yet another rectangle which has broken to the...
The PEAD projected a Bullish outlook for $MS after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
When you're cognitively relaxed, you're likely to be in a good mood, so you like what you see, you trust
what you hear, you trust your intuition, and you feel comfortable and familiar. At this point, your thoughts
may also be relatively random and superficial. When you're nervous, you're more likely to be alert,
suspicious, put more energy into your hand,...
Morgan Stanley rebounded earlier on 8th March. Since then, prices had a strong consecutive up run especially for the past two days. Short-term target is at US$100.77-US$101.00 region. But we could buy at the lower immediate support at 86.45-87.00 region
Hello everyone, to you expect the price to hesitate between the following numbers in relation to the bearish trend
90.82
86.99
75.85
70.07
But if it bounces off the trend line, we find it at the levels shown on the chart
if bear market gets really red I see this thing dropping 23% by april 1. Don't take my word for it. Also let me know if it looks like my, april 1, 70 strike puts will hit.
Morgan Stanley Daily..
The price may return for the second time to test the previous low of $82, after touching the current resistance level.
* Technical analysis and not a direct recommendation..
This analysis is based simply on the pattern and the RSI. RSI says oversold, pattern indicates clearly it's at/near the bottom of the trend and will rebound back upwards. Will it make it to the top trend line? Probably not. I'd bail well before that. This is a short term play with a tight stop loss outside of the lower trend line.
