MSBR34 trade ideas
The Key Fib Levels of 0.618 and 0.786 + Volume ProfileHere's a chart that nicely illustrates how the 0.618 and 0.786 levels are frequently used as reversal points by the market.
Price is ping-ponging back and forth between these key levels, and we can also see an almost full Volume Profile (parabolic in shape).
The shape of this VP tells us that all the prices within this given range have been discovered, with the middle areas being the places where the most buying and selling has occurred.
This is a sign of a normal and healthy range.
So, we have the Fib levels working in unison with Volume Profile to paint a picture of a ranging market.
MS recovery hope is still alive as long it remains above 40.30MS - Morgan Stanley share prices breached the resistance trendline to the upside highlighted in red three sessions ago, but was pulled back on Tuesday session. The recovery hope is still alive as long as it remains above 40.30 support level. Share prices fell on Tuesday session and almost touch 40.30 support level before heading back up and closing at around its opening price at 40.99. Share prices were down 1.21%.
Morgan Stanley Elliott Prediction using wave and fib analysisA cluttered chart showing with all my work of predicting a 60-70% upside opportunity in Morgan Stanley.
Target: $65-70 depending on time with more upside if breaks out of long term channel.
Stop at 34.31 below golden zone of 2 to 3 Elliott wave move. As low as $33 (50% retrace of waves 1-3 move).
MS Failing still Why I hedged above 45H & S was worth taking the risk needs maintain 40 or 33 could come
MS Long but the weakness although careful as hass head and shoulMight not be bad idea to hedge with a put failed 45 not good sign
Morgan Stanley's chart is under strain. Break imminent. Morgan Stanley investors are not expecting anything overwhelming from earnings , the warning signs seemed evident as early as May, when JPMorgan's CEO Jamie Dimon projected that his company would see M&A and capital market revenues drop 10% in the second quarter, likely the result of clients postponing deals amid lingering trade policy concerns and a turbulent Brexit process. This is for sure going to be the case for all the banks this quarter.
On the positive side the management have claimed that its investment backlog is very solid, while the stock remains undervalued.
It seems that it is just too risky to get involved prior to earnings as the chart is technically looking weak, there is hope that the stock could break higher as it is in a very tight trading range wedged between Ma's.
LONG ABOVE $45
SHORT ON BREAK BELOW $43 WITH HEAVY VOLUME
