Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
China stocks coming back stronger? Upward or downward trend?
Views 263K Contents 69

Potential for dip

Hey guys! Anyone eyeing on $BYD COMPANY (01211.HK)$ ? Prices abiding by a descending trendline and are on bearish momentum. We see the potential for dip from our sell entry at 227.4 which is a graphical overlap. Probably going to short to our Take Profit at 203.6 in line with 38.2% Fibonacci retracement. I'll have my stop loss potentially at 232.8 in line with 78.6% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 227.4
Take Profit: 203.6
Stop Loss: 232.8
What do yáll think?
Potential for dip
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
2
+0
Translate
Report
36K Views
Comment
Sign in to post a comment
    Accidentally deleted my previous post. Oops.
    71Followers
    13Following
    252Visitors
    Follow