MS - Updated Analysis before earnings. Super healthy chartLove what i'm seeing here on Morgan Stanley pre=earnings next Tuesday. I want to see us continue to build liquidity in this very controlled orange selling channel where we can then find yellow to activate and bring us further up for a breakout of orange and beyond. My price target for the next few weeks is in the $99-104 range, earnings dependent.
Obviously, as with any industry, if banks that are announcing earnings on Friday announce positive results, you can expect the rest of the industry to follow. This, in addition to the extremely healthy chart movements, has me very bullish on MS and interested in watching this stock closely.
Happy Trading :)
- TraderDaddyOG
