Marcus Hao
commented on
Hey guys! Anyone else looking to short $Singtel (Z74.SG)$ ?
With price expected to reverse off the resistance on the stochastics indicator, i'm looking for an entry at 2.56 where there seems to be a swing high resistance with the current consolidation. I'll play it to the ichimoku support and 61.8% Fibonacci retracement area at 2.49 and have my stop loss at 2.59 in line with the next swing high resistance.
Entry:2.56
Take Profit:2.49
Stop Loss:2.59
$Singtel 5xShortSG230713 (DKMW.SG)$
With price expected to reverse off the resistance on the stochastics indicator, i'm looking for an entry at 2.56 where there seems to be a swing high resistance with the current consolidation. I'll play it to the ichimoku support and 61.8% Fibonacci retracement area at 2.49 and have my stop loss at 2.59 in line with the next swing high resistance.
Entry:2.56
Take Profit:2.49
Stop Loss:2.59
$Singtel 5xShortSG230713 (DKMW.SG)$