Morgan Stanley (MS)

From February 18:

"MS still is trading within the Rising Wedge (pattern in blue), so the upside target of 31.25 still is IN PLAY, but I sold it at the close when it got back to Unchanged on the day because its performance was poor basis the benchmark S&P 500..."

MS fell shy of the 31.25 target that has been IN PLAY since December 22, 2011. It got only to 31.04, then after telegraphing some weakness mentioned a week ago, it gapped down on February 22, broke Trendline #2-#4 of the Rising Wedge (pattern in blue) and closed below it.

After a technical breakdown of a Rising Wedge, the initial target is the area of the low, at Blue #2, which was 28.75. MS fell to within range of that, to 26.865, and currently is rallying to retest the Rising Wedge breakdown.