Potential buy on Geely?
Hey guys! I’m planning to go long $GEELY AUTO(00175.HK$ . Let me know what you guys think.It’s bouncing off the support on the stocastics and is on a graphical swing Low from mid October. I’m looking to get in at 24.8 where the 127.2% Fibonacci projection is and taking profit at the 61.8% Fibonacci retracement area at 25.70. If things go south, my stoploss is at 24.5 in line with the 127.2% Fibonacci extension which is a super tight stop loss making this a really good risk to reward trade.
Entry: 24.8![]()
Take Profit: 25.75![]()
Stop Loss: 24.5![]()
$Geely 5xLongSG220621(DDHW.SG$
$Geely 5xShortSG231214(DCDW.SG$
Entry: 24.8
Take Profit: 25.75
Stop Loss: 24.5
$Geely 5xLongSG220621(DDHW.SG$
$Geely 5xShortSG231214(DCDW.SG$
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