Hello all !I am currently looking into$NONGFU SPRING (09633.HK)$, I think it might be a potentialshort sell right here !
Price is currently abiding to adescending trendline resistance, price would likely drop from the pivot level in line with 61.8% Fibonacci Projection and 61.8% Fibonacci Retracement. I am looking at a potential take profit in line with 61.8% Fibonacci Projection and horizontal swing low !My bearish bias is further supported by the price holding below the Ichimoku Cloud and stochastic indicator where the %K line is approaching the resistance level.
Potential Pivot @ 38.55 Potential Take Profit @ 36.50 Potential Stop Loss @ 39.45
MrProphecy :
styleomileo : It's a great stock to have