WIth Corona virus rapidly accelerating market sell off, I've identified a few key zones for those interested in shorting China Southern Airways using resistance zones, algo targets using fib analysis, and pitchfork analysis.
A cluttered chart showing with all my work of predicting a 60-70% upside opportunity in Morgan Stanley.
Target: $65-70 depending on time with more upside if breaks out of long term channel.
Stop at 34.31 below golden zone of 2 to 3 Elliott wave move. As low as $33 (50% retrace of waves 1-3 move).
For those who know, a golden corner pocket is the best odds in trading with 80% probability of hitting the median line. at nearly 11/1 risk reward (MINIMUM) this is a MUST TRADE in my book.
