0QYU trade ideas
Morgan Stanley path and direction Hello everyone
Morgan Stanley has broken two uptrend trend line
It is not safe to go long however there is a gap up to be filled as show in the chart
the best place to go long in my opinion is the two gaps below that need to be filled
any question feel free to ask :)
C&H Small rising wedge noted
This one has not broken out of cup and handle pattern. I would let it pull back to under 50 before I considered buying it before break out.
Good dividend. It is one of the few financial stocks with the bearish wedge pattern.
Setting alerts on TD Ameritrade to let you know when a stock gets to your price is an idea. I have found limit orders can burn me. Forinstance, I would have ended up with stuff today that I could have gotten cheaper had a limit order not kicked in
Monthly and weekly candles are shooting stars
Not a recommendation
Morgan Stanley Nuzzles SupportFinancials have been one of the weakest corners of the market lately, thanks to credit worries and falling interest rates.
Of all the big names, Morgan Stanley has held up the best. It’s down less than 3 percent on the year, compared with drops of more than 20 percent for other key stocks like Bank of America and JPMorgan Chase.
MS has performed better fundamentally because it has more exposure to wealth management. That helped it deliver a strong quarter the last time earnings were reported on July 16.
The stock jumped at the time but didn’t go far. One reason was that stochastics were overbought. Another was the fact its 50-day simple moving average (SMA) was below the 200-day SMA.
Both of those conditions have now flipped. Stochastics show an oversold condition, and a “Golden Cross” of the 50-day SMA above the 200-day SMA occurred on July 17.
MS is also showing signs of basing out around the same $49 area that marked the top of its range in late June and early July. Notice the recent hammer candlesticks around that level. It’s also nuzzling the 50-day SMA.
Traders may want to take a long bias as long as MS remains above the 50-day SMA, or the July 31 low of $48.27.
Morgan Stanley (MS) Earnings Estimates Q2 2020Morgan Stanley ($MS) will report earnings 07/16/2020.
The chart above includes the Q2 Earnings Estimates and a Technical Analysis.
MS Long Trade for week of 7.12MS looking similar to JPM looking for a move higher.
Target points are on the chart.
Stop at: 47.00
Best,
--d0x
