Morgan Stanley to find support at 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: 85.00 / 87.00 / 88.70
Support: 83.66 / 82.60 / 81.60

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Support and Resistance

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