Looking like a bottom
Shares of Morgan Stanley (MS) staged a bullish "island reversal" over the last few days with a gap down followed by a gap up. It also offered a bullish stochastics crossover from oversold levels. While I am not expecting shares to go straight up from here (especially after a 95% one-day move), It does appear that the stock has bottomed and I expect higher prices over the intermediate-term.Investors should begin to initiate long positions ASAP.
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