MS has spent the last eight years in the dog house - its lower chart brown line channel.
click on image to enlarge
MS really looks like it wants to reclaim its upper black line channel that goes back to 2003. However, MS is at a critical point at the moment as it would be good if it stayed on the topside of its blue channel and declared it no longer the active channel leaving it and continuing to climb its red line ascension channel into its large black line channel above. Granted all the financials could become weak and drift lower at the first of the year after across the board six month record runs, MS could survive this and continue higher even if it loses its blue channel because the lower line of its red channel is just below and could give it a second chance to go higher.
Trade well my friends
Alan
