Today’s instrument is Morgan Stanley‘s stock traded in the NYSE exchange under the ticker MS. 

Looking at the MS‘s chart, we can see is a downward trend and the last traded price which closed at around $78.95. 

Morgan Stanley is announcing its quarterly earnings on the 14th of October and if the market’s anticipation is positive, then today we should expect the price to float above its support level which is located at around $78 otherwise it could drop towards its 52W low level at around $72.05.

(Click on image to enlarge)

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