Power Plays New Idea: MS + Closing MDB + Trimming GS
February 23, 2024
By Scott Redler
Before we get to our new idea, I want take the following actions for Power Plays:
- Close out MongoDB (MDB) because I'm losing some confidence in it and we can lock in another gain
- Trim half of Goldmans Sachs (GS) to take a small gain
Now let's get to our new name:
Name: Morgan Stanley
Ticker: MS
Price: $86.85
Needs to Hold: $80 to $84
Price Objective 1: $92 to $96
Price Objective 2: N/A
I'm making Morgan Stanley (MS) a Power Play here because it looks like it can play catch-up to Goldman Sachs (GS).
MS looks ready to fill the gap up to $89, and then hit bigger resistance over $92.
-Scott"
Scott Redler Positions Disclosure as of 2024-02-23 at 12.46.52 PM