Today, 
MS released strong earnings:
🔹 $2.13 EPS vs. expected $1.98
🔹 Revenue: $16.8B, including:
— +23% in equity trading
— +9% in fixed income
— $59B inflows into Wealth Management
Despite the beat, the stock dropped nearly 4%, signaling possible profit-taking after a 30%+ rally year-to-date.
Technical View
The price broke below the middle line of the Bollinger Bands, heading toward the lower band.
The Stochastic RSI turned sharply lower, confirming downside momentum.
Volume on the decline is above average — a bearish sign.
🟦 Key support lies around $130–131, a zone to watch for a potential bounce.
🟥 A breakdown below it could open the way to $127–128.
The market may have priced in the strong results ahead of time, leading to a sell-the-news reaction.
We now see a potential correction toward the $131 area — where buyers might step in.
MS released strong earnings:🔹 $2.13 EPS vs. expected $1.98
🔹 Revenue: $16.8B, including:
— +23% in equity trading
— +9% in fixed income
— $59B inflows into Wealth Management
Despite the beat, the stock dropped nearly 4%, signaling possible profit-taking after a 30%+ rally year-to-date.
Technical View
The price broke below the middle line of the Bollinger Bands, heading toward the lower band.
The Stochastic RSI turned sharply lower, confirming downside momentum.
Volume on the decline is above average — a bearish sign.
🟦 Key support lies around $130–131, a zone to watch for a potential bounce.
🟥 A breakdown below it could open the way to $127–128.
The market may have priced in the strong results ahead of time, leading to a sell-the-news reaction.
We now see a potential correction toward the $131 area — where buyers might step in.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.