MS
AYX at long term support: Reversal in playMajor support at the 115 level + a 3 year trendline on the weekly
Here's my last analysis on AYX:
Morgan Stanley path and direction Hello everyone
Morgan Stanley has broken two uptrend trend line
It is not safe to go long however there is a gap up to be filled as show in the chart
the best place to go long in my opinion is the two gaps below that need to be filled
any question feel free to ask :)
BanksLike the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
Dare Catch A Knife? Wells Fargo.Wells is now off more than 50% since the start of the Coronavirus pandemic. However, Wells suffers from much more than a pandemic:
Over the last two years, scandals around nefarious sales practices, some unfortunate executive departures, and an inability to grow top line has hit them hard, and the crisis has hit them especially hard in revenue terms.
We're now looking at 2012 levels, not too far from where we were during the financial crisis.
Peak to trough in 2009 we saw a 69% decline in $ NYSE:WFC ... more to go here?
MS bullish gartley and 2618 combination long!Morgan Stanley had a nice bounce off the gartley pattern, as what we mentioned in the earning preview.
Here we got this double bottom, which can be treated as a confirmation entry of the pattern!
What's more, it's pretty much at the 40.00 fig!
Accordingly, I'm willing to take this long and put my out below 38.5!
Let's see how it goes yo!
Morgan Stanley updateAfter positive earnings this quarter, seeing the end of wave IV. After the break of the current resistance zone, starting the move up in wave V. A very good opportunity to buy.
Potentially can bounce low first, which would give us a better risk-reward.
Most banks and investment funds target the price for this stock above $50.
Good Luck!
Morgan Stanley Establishes New Uptrend - Bullish Hi All,
MS should easily beat earnings since it's a busy IPO season and they are one of the major banks to underwrite the coming public offerings. I know that they are underwriting Uber's coming IPO.
Feel free to provide constructive critique. I have loaded up on May $45-$46 call options. I am also holding GS call options.