Bankers ready to share profit

3 dic 2014

Morgan Stanley stocks look set to take off. Breaking out of the flag pattern above USD 35.70 will also mark the breach of a strong historical level. In this case, the stock could move towards the triangle’s highs of USD 36.30, which, if crossed, would pave the way for 50% upside over the next couple of months. The price band of USD 52-54 will also be attractive for speculative traders, so the stock will most likely reach that range. A new bout of consolidation can be expected at this level, the exit from which, in terms of the direction and time, is still hard to predict for the time being. So far, buy what bankers have to offer, with a target price of USD 52-54.

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