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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.
Jun 29, 20 08:04 AM
Technical analysis of the KLCI for the month of June 2020. What is likely to happen? Read here.
Jun 29, 20 08:03 AM
Well, sell in May did not materialize for the S&P 500 but the market continues to chugg higher. What is in store for us this month?
Apr 30, 20 07:49 AM
What is the stock market likely to do from this impact of the Coronavirus? Will it continue to fall or a bottom is near. We will use charts to guide us.
Apr 30, 20 07:44 AM
The Malaysian stock market has been badly battered following political uncertainty and the Coronavirus. Let us chart the KLCI and see where it is likely to go.
Apr 24, 20 07:20 AM
Want to learn a trading strategy that is less stressful and that will allow you the freedom of not looking at the markets everyday?