Morgan Stanley: ⬆️ Buy – Morgan Stanley reversed from support zone – Likely to rise to resistance level 228.65 Morgan Stanley reversed from the support zone between the pivotal support level 206.40 (which stopped earlier correction ii), lower daily Bollinger.
Morgan Stanley: Buy
– Morgan Stanley reversed from support zone
– Likely to rise to resistance level 228.65
Morgan Stanley reversed from the support zone between the pivotal support level 206.40 (which stopped earlier correction ii), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from the end of April.
The upward reversal from this support area started the active short-term impulse wave iii which belongs to the impulse waves 3 and (C).
Given the clear daily uptrend, Morgan Stanley can be expected to rise to the next resistance level 228.65 (which stopped earlier impulse wave i in June).
Published by:
Liam Johnson