Morgan Stanley’s stock price (MS) extended its losses in the intraday levels, amid negative signals from the RSI, while seeking a bottom to bounce it higher anew, as it also gathers positive momentum, thus leaning on the support of the 50-day SMA, and also leaning on the upward secondary trend line in the short term. 

 

Therefore we expect the stock to return higher, targeting the resistance of $142.00, provided the support of $127.66 holds on.

 

Trend forecast for today: Likely Bullish