Morgan Stanley grows after strong earnings
After a strong earnings and revenue surprise, the stock of Morgan Stanley is on fire, having broken the long-term trading range and accelerating for more than 3 values of ATRs (average volatility levels) from the dynamic support.
Usually, that's an indication of a strong price discovery and can lead to a further extension of the price in the direction of a breakout. Most probably, first it needs to pull back to the 20-day moving average before proceeding to the upside.
Note: The market is driven higher ahead of US elections, but Nov 1-2 is a potential high-volatility period, so beware of that in case of holding any positions over this period.
Don't forget to manage your risk at all times!
Usually, that's an indication of a strong price discovery and can lead to a further extension of the price in the direction of a breakout. Most probably, first it needs to pull back to the 20-day moving average before proceeding to the upside.
Note: The market is driven higher ahead of US elections, but Nov 1-2 is a potential high-volatility period, so beware of that in case of holding any positions over this period.
Don't forget to manage your risk at all times!
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。