$MS
Added 2023-10-18 16:04:03 +0000 UTCIs down -8.3% now after dropping after reporting its earnings today, this is the largest drop for Morgan Stanley since the Covid drop in March 2020.
They topped their quarterly expectations but missed on their investment banking revenue.....which can not be too much of a surprise considering the last few months in the market.
$MS has not been on my radar much until today because its share price never really pulled back significant enough to gain my attention.
We can also see from the chart that it has only lost its 0.38 Fib, so it is still well above its 0.618 Fib at $58, maybe at this price it would be worth a buy.
