China stocks coming back stronger? Upward or downward trend?
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恩慈 Ange
joined discussion · Mar 28, 2022 00:41
POTENTIAL FOR FURTHER DIPS!
Hey guys! Anyone eyeing on
$SANDS CHINA LTD(1928.HK)?
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 18.44 in line with which is an area of Fibonacci confluences. Probably going to short to 13.58 in line with 61.8% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 19.02 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
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