Short term view - MORGAN STANLEY & CO : The support has been breached.
The support has been broken, the trend becomes negative as we now have a succession of descending peaks and troughs.The next target is at $43.2800. The invalidation level is above $55.6000.Arguments :
- The support has been breached.
- Prices have pulled back to the major resistance level (previously a support). The fall is now resuming.
- The falling moving average confirms our opinion.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the company advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. The company's segments are: Institutional Securities, which provides investment banking, sales and trading, lending and other services; Wealth Management, which provides brokerage and investment advisory services, financial and wealth planning services, stock plan administration services, annuity and insurance products, residential real estate loans and other lending products, banking, and retirement plan services; and Investment Management, which provides investment strategies and products.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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