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Morgan Stanley Message Board

  • lookoutgrady lookoutgrady Nov 19, 2009 6:51 AM Flag

    Rough cut Analysis

    MS is still in a mild uptrend. I am not expecting huge moves either way. It seem the area around 33.3 is somewhat support but also resistance as it has been trading around here for a while digesting the recent moves.
    Next resistance level 34.88, which is a double top. If broken it could lead to more advance.
    Solid support at 32.3 (where I bought last and where i got my stop) and 30.15, but I doubt it gets there.

    Overall it seems the huge volatility, which was great if you're a short term trader, is pretty much out of the stock as most shorts took their bets off.

    I expect the stock to incline slowly to the 38 / 39 area over the next 6 - 9 month. Of course nothing goes up in a straight line, so I'll have my stops in place.

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35.62+0.17(+0.48%)Mar 26 4:03 PMEDT