Today we will analyze the stock Morgan Stanley High Yield Fund (MSY) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Morgan Stanley High Yield Fund (MSY)
1- Last bullish trend was from 6.36 $ (2/21/2012) to 6.56 $ (2/24/2012) a 0.20 $ move 2- The current bearish trend started from 6.56 $ at 2/24/2012 and is currently trading at 6.35 $.
3- MSY current support level is at 6.31 which is the 127.20 % fibonacci retracement of the last 0.20 $ move.
4- MSY current resistance level is at 6.36 which is the 100.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Morgan Stanley High Yield Fund (MSY) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.190 $ height triangle which was broken down at 6.460, target of the pattern is 5.270.
Morgan Stanley High Yield Fund (MSY) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.410 and 5.040 that was broken down at 6.280 transforming into a resistance line.
Morgan Stanley High Yield Fund (MSY) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.300 $ height triangle which was broken up at 5.510, target of the pattern is 6.810.

Stock Trading Conclusion:
Morgan Stanley High Yield Fund (MSY) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 6.36, 6.40, 6.43, 6.44, 6.45, 6.46, 6.48, 6.48, 6.51, 6.56, 6.58, 6.81, 7.25.
Stock Support levels : 6.31, 6.24, 5.27,.