Morgan Stanley to recruit Credit Suisse’s brokers while the stocks are breaking bullish reversal levels to above

Morgan Stanley is going to recruit Credit Suisse Group AG’s U.S. brokers for Latin America: recruitment bonuses will be offered to 35 CS brokers who are managing the clients in the different latin America's countries. This employment is expected in the first half of 2016.

This is completele right decision because it was made in the time when the stocks are going to be recovered after breakdown:

• the price broke Ichimoku cloud and reversed to the primary bearish market condition in July-Augist this year, and
  
• the local uptrend as the bear market rally in the way of recovery was started in the beginning of October only.

Price is trying to break 'reversal' Senkou Span line at 35.70 from below to above to come to the ranging zone. If this level is broken so the next bullish target will be 38.17 resistance level located above ichimoku cloud in the bullish area of the chart.

The Strategy: watch close weekly price to break 35.70 for possible buy trade with 38.17 level as the next target to re-enter.