Morgan Stanley has formed inverted head and shoulders.Morgan Stanley - 30d expiry - We look to Buy at 83.75 (stop at 80.75)
Bespoke support is located at 83.00.
A bullish reverse Head and Shoulders has formed.
Further upside is expected although we prefer to set longs at our bespoke support levels at 83.00, resulting in improved risk/reward.
We look to buy dips.
A lower correction is expected.
Our profit targets will be 91.25 and 92.75
Resistance: 87.70 / 88.70 / 89.65
Support: 85.60 / 83.00 / 81.50
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