Shorting Geely?
Hey everyone! Wondering if anyone is looking at $GEELY AUTO (00175.HK)$
Price has been moving in a downtrend for awhile with no signs of turning back. I'm looking to get in on the continuation at 15.25 where the 23.6% Fibonacci retracement is. Will probably short it to 12.50 where the 161.8% Fibonacci extension is and have my stop loss at 16.05 where the 61.8% Fibonacci retracement and horizontal overlap resistance is at.
Entry:15.25![]()
Take Profit:12.50![]()
Stop Loss:16.05![]()
$Geely 5xShortSG221201 (DBCW.SG)$
$Geely 5xLongSG220621 (DDHW.SG)$
Price has been moving in a downtrend for awhile with no signs of turning back. I'm looking to get in on the continuation at 15.25 where the 23.6% Fibonacci retracement is. Will probably short it to 12.50 where the 161.8% Fibonacci extension is and have my stop loss at 16.05 where the 61.8% Fibonacci retracement and horizontal overlap resistance is at.
Entry:15.25
Take Profit:12.50
Stop Loss:16.05
$Geely 5xShortSG221201 (DBCW.SG)$
$Geely 5xLongSG220621 (DDHW.SG)$
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J888Meow : ok, let's short it
Li chuang : Hello