POTENTIAL FOR FURTHER DIPS
Hey guys! Anyone eyeing on $BIDU-SW(9888.HK)?
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 141.9 in line with which is an area of Fibonacci confluences. Probably going to short to 130.7 in line with 50% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 147.2 in line with 78.6% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 141.9
Take Profit: 130.7
Stop Loss: 147.2
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 141.9 in line with which is an area of Fibonacci confluences. Probably going to short to 130.7 in line with 50% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 147.2 in line with 78.6% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 141.9
Take Profit: 130.7
Stop Loss: 147.2
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