18.12.202100:06 Forex Analysis & Reviews: Weekly Ichimoku cloud indicator for Morgan Stanley's stock price.

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The Morgan Stanley stock price ended the week near its lowest levels after testing the $101 price level, but with no success in staying above it. From previous posts in previous weeks we had warned bulls that a downward reversal is imminent and we prefer to be neutral if not bearish.

This week's candlestick closed below the tenkan-sen (red line indicator) and is vulnerable to moving towards the kijun-sen (yellow line indicator) which provides support at $95. Failure to stay above $95, will open the way for a bigger decline towards the cloud support. With a long upper tail and a weekly close near its lowest levels, MS stock price justifies a move lower towards $85.

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