Shares of Morgan Stanley (MS) have been consolidation since December roughly between 41.70 and 44.00.Morgan Stanley (MS) Daily Chart 2/6(click to enlarge)Breakout:- Last week, price fell to the consolidation range support area again and support held again.- Then price shot up on Friday and closed above 44.00, officially breaking the 2-month long consolidation range.- Note that the prevailing uptrend since July 2016 is still intact.- This breakout signals bullish continuation with the 50.00 handle in sight. - Furthermore, if MS retreats we should expect the market to keep price above the middle of the broken range, which would be around 42.80. According to The Motley Fool," Morgan Stanley rose more than 5%, leading the entire banking sector higher after President Trump signed an executive order that suggested that financial companies would face less-onerous regulatory requirements. The order told the Labor Department to halt implementation of the fiduciary rule, which would have imposed stricter requirements on financial institutions that offer advice on retirement savings.The executive order also singled out the Dodd-Frank regulations on Wall Street banks for further review. Investors anticipate that Congress will follow up with legislation toning down or repealing Dodd-Frank, which would be a positive for Morgan Stanley and its peers. " (www.fool.com)