$MS (Daily) - New highs$MS looks to break past resistance $29.92. FMV is $33.00 so I'm looking for a ride on up.
DWD trade ideas
MS Textbook Channel UP!I am planning to follow a short-term long strategy (5-7 days max) in MS as stated on the chart. I got long tier 2 size as planned on Friday, I will add tier 3 if price breaks out prior highs.
XLF showed relative strength and might lead other sectors next week if the reversal in SPY on Friday sustains. MS has been one of the best acting banks.
Total size and risk is small since price is extended right now.
If the stop triggers,I will try long ideas around the 85 MA(acting as strong support) or would try to buy near the channel support trend line.
MS- bearish patternMS developed a bearish pattern - like many other financials stocks. The break of the uptrend channel line would lead to lower levels.
Chart request for @1991previa - tough nut to crack hereStay away from longs unless weekly close over 28. Cheers! MP
$SPY Hmm.Only a brake of 28 and this can lead us to ATH. Ichimoku, volume, rsi and MACD have different plans!
$SPY Financials in critical areaOnly a breakout above 27.96 and this can run! Again volume and ichimoku don't help for now!
MS Short swing trade idea7/2 MS Short swing trade set up. Closed below 50 SMA today. Short at the break of support in the 23.91-24.00 area, using the descending trendline to set a stop.
Could also short within the area of the trend lines with the same stop. That may be a little tricky since the 50 SMA could act as support if reclaimed.
1st target is top of the gap at 22.67. Next target is 20.77-20.95 zone. Full measured move target is 22.65, which is close to this support zone.
