Today’s instrument is Morgan Stanley‘s stock traded on the NYSE exchange under the ticker MS.
When we look at the MS‘s chart, we can see its fall from the $83 range down to $81, forming support and climbing back up in the $85.5 range, reaching as high as $86 and returning to the $84 range where it was last found trading.
Morgan Stanley has scheduled a quarterly earnings announcement today 14/04/2022. If earnings expectations are surpassed, we could expect the price to move upwards, towards $89.
Today we can expect a move towards and above $86 closest temporary resistance level. If, however, it doesn’t manage to hold on to the current level then a move towards and below the $81 closest support level can be expected.
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This article was originally published by Fxstreet.com. Read the original article here.