don_shula

$MS LONG

NYSE:MS   Morgan Stanley
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
MS


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