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Potential for further dips
Hey guys! Anyone eyeing on $Wilmar Intl(F34.SI)?
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 4.89 in line with 78.6% Fibonacci projection. Probably going to short to 4.51 in line with 38.2% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 4.97 in line with 100% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 4.89
Take Profit: 4.51
Stop Loss: 4.97
What do yáll think?
$Wilmar 5xShortSG230825(DHGW.SI)
$Wilmar 5xLongSG240306(DPBW.SI)
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 4.89 in line with 78.6% Fibonacci projection. Probably going to short to 4.51 in line with 38.2% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 4.97 in line with 100% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 4.89
Take Profit: 4.51
Stop Loss: 4.97
What do yáll think?
$Wilmar 5xShortSG230825(DHGW.SI)
$Wilmar 5xLongSG240306(DPBW.SI)
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