Trade Idea for Morgan Stanley (NYSE)

Morgan Stanley (NYSE)

#MS

Sector: Finance

   The trend is bullish. The stock is trading within the range of the 365 and 135 moving averages. A bearish truncated wave structure has completed with a breakout of the descending channel. The Awesome Oscillator indicates bullish divergence.

Trading Idea:

Buy on a breakout above 182.43.

Stop Loss: 177.89.

Target levels: 186.00; 192.00.