MS - Long ideaA lot of unusual options activity on this name,
Just broke out of descending triangle,
MWD trade ideas
4/14 MS
(1) steady support in the pink uptrend tunnel
(2) small yellow uptrend
(3) check vegas tunnel and MA, expect a run up after consolidation (soon to be ended imo)
(4) risky ER play - 4/16
Morgan Stanley on a good run.NYSE:MS
The uptrend is far from over. Had a good run on last week's Friday's call options.
Bias: UpPrice is still in an upward channel, oversold in H4 and break of a H1 down channel. May the price climb higher.
Make sure to apply SL & TP.
$MS LONG From point A, price hit resistance at 77.21 before falling to the 50 EMA; point B. Between B & C price ran for about 30% breaking structure, passing point A. Price retraced between C & D retesting that previous level of structure, which is point A. In my opinion price has formed some what of a bull flag on the DAILY TF, I see price has found support along the 50 EMA in the retest zone. With the postures of the indicators (SNIPER, RSI & STOCHASTIC'S) being bullish on the DAILY & 4HR Time frame I see this as a swing play w good upside potential. 13 days before earnings keep in mind.
tell me what you think about the TA. im open to feedback, & others opinions
NYSE:MS
MS UPDATED TARGETS 89 TO 93 NOW TO MARK TOP PULL BACK TO .50 correction ending again now net long 75 % call
Morgan Stanley Holds Key LevelFinancials are the second-best performing sector in 2021. Now one of the biggest names has pulled back to hold some key levels: Morgan Stanley.
MS dipped on the Archegos implosion last week, but reportedly faces no significant losses.
That brought MS down to its 50-day simple moving average (SMA). It tested below that line on March 29 but has managed to close above it each day.
Second, the current level around $77 is important because it was not only a high in mid-January. It was also the investment bank’s former peak from June 2007 -- before the subprime meltdown.
Third, stochastics are oversold. The last time this happened in late January was followed by a breakout to new highs. It also anticipated the move in late October.
Finally, MS is the type of cyclical value stock that investors have recently favored as the economy recovers. Given last week’s strong non-farm payrolls and ISM manufacturing reports, there’s no reason to think that trend is finished yet.
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MS - Trade PlanPrice has been in a steady up trend.
Entry zone at the 50ema area and 50% fib level.
Support at 73.78 zone.
Stop Loss just below support at 72.48
move back to a net long ms market wave 4 low in look for a print at or above 91 for wave 5 as the 10 Y to still see above 175. to 183
Financial sector 🌦All systems go... down! I'm very bearish on banks. I expect yields to start falling back down and with it usually comes the bank sector.
ALT WAVE STRUCTURE IN MS SELL 50 TO 75 NET LONGS NOW An alt wave structure we just had 5 wave up to a .618 ret in MS at this morning high would take 75 % long off now and raise stops
BANKS AND GS MS JEF WAVE 5 UNDERWAY MOVE NET LONG NOW A cycle low seem s to be in place in the banks and brokers as oil is in the last wave up look for new highs in all the bank and broker sector .I am net long calls
MSMS
1-2 Week Horizon
Price action for the past month or two has been respecting the 21ema, a good sign of bullish movement. Price just touched our buy zone however MACD lines are pointing down and histogram shows down momentum not letting up while stochastics just touched oversold level but still has a little more room to move down. Although price action is currently at a descent area for entry, there is a descent chance for price action to go down or sideways a little bit more before going up.
Weekly time frame shows MACD open pointing up and histogram shows bullish momentum slowing down but not much. Stochastics on the weekly has been on the oversold level but has been in that level for the past few weeks. It seems like it has a little more juice for a bullish move.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
$MS with a slight bullish outlook following earningsThe PEAD projected a slight bullish outlook for $MS after a positive over reaction after earning release placing the stock in Drift B
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