Morgan Stanley SORT opportunityAn intraday (daily time frame) BackTested Analysis.
Price is likely to move sort, into the trending channel. The time this idea generated the market was closed and the pre-market data has not recorded any volumes yet.
It would be a good opportunity to enter in the market if price moves between 50.35 to 50.83 during first moments after the opening bell.
1) Stochastic Oscillator Overbought crossing for short movement.
2) Two tops of ROC Oscillator also diverge pointing sort movement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
