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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.
Nov 30, 20 09:44 AM
The S&P 500 has broken out into new highs and I believe that it has establish a new support area.
Nov 23, 20 09:05 AM
After breaking out of a downtrend line, the S&P 500 still looks bullish for the near term.
Nov 17, 20 05:26 AM
After the news of Tesla being added to the S&P 500, it is gapping up pre-market.
Nov 09, 20 06:56 AM
After the elections, the S&P 500 is now breaking out of a triangle pattern.
Oct 23, 20 08:22 AM
The US stock market seems to point to a Republican victory. It is still in an uptrend and therefore we should continue to remain bullish.