Nov. 13 at 12:55 AM
$MS is currently trading at
$166.43, near its 60-day high of
$167.13, indicating a strong upward momentum. The RSI of 69.64 suggests that the stock is nearing overbought territory, which could lead to a pullback. The MA30 at
$160.55 and MA50 at
$158.78 are both below the current price, indicating a bullish trend in the short to medium term.
Given this context, the directional bias is cautiously bullish. A potential entry point could be around
$165.50, allowing for a slight retracement. A stop loss should be set at
$162.50 to manage risk.
Targets could be set at
$168.00 (just above the 60D high) and
$170.00, which represents a psychological resistance level.
Monitor the RSI for signs of reversal, as a drop below 65 may indicate a weakening trend.
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