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Morgan Stanley Near 20 MA And Breaks Above A 60 Min Downtrendline
The stock is in a daily uptrend and is now near the rising daily 20 MA. If it can go above yesterday's high then it may rise further.
Morgan Stanley's stock has been in an uptrend for some time.
It gap up recently and corrected to the 20 MA. If it can stay above the 53 support area, then it could climb higher.
Looking at the 60 min chart, the stock has broken out of a 60 min downtrend line. If it can go above yesterday's higher then it could continue to climb higher. That is provided it can stay above the support area.
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