Forexbae wrote a post · Nov 3, 2021 11:46

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

$Geely 5xLongSG220621 (DDHW.SG)$
$Geely 5xShortSG231214 (DCDW.SG)$