Sometimes stocks that are in the same industry have charts that look similar. That’s the case with investment bankers The Goldman Sachs Group, Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS). Each of them is trading above critical levels.
The $348.50 level is important for Goldman. It was resistance in March and then it became support in June.
If the stock heads lower, there’s a good chance it finds support around this level again.
For Morgan Stanley, the important level is $76.50. It was resistance in January, then it became support in March and April.
If the stock heads south, there’s a good chance it finds support around $76.50.
