[caption id="attachment_226" align="aligncenter" width="500" caption="Morgan Stanley China"][/caption]
Resistance: \$25 from 2 days ago, then \$30.
Downside: It's a financial! And investment bank at that! No telling what mass panic could cause...
Support: \$22.25 from 2006.
Bottom Line: With the mass fear in Financials (doom's day-like media headlines here in Hong Kong), I believe we're near for a short squeeze rally in the market.
Target: Some kind of big spike. I'll sell into strength. Or \$30. I do want to hold this for a few weeks if possible.
Stop: 2 day consecutive close below \$22 and fade out of buy signals. Gotta watch this one close.