Kongyu
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Kongyu
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Hello all ! I am currently looking into $NONGFU SPRING(09633.HK$ , I think it might be a potentialshort sell right here !
Price is currently abiding to adescending trendline resistance, price would likely drop from the pivot level in line with 61.8% Fibonacci Projection and 61.8% Fibonacci Retracement. I am looking at a potential take profit in line with 61.8% Fibonacci Projection and horizontal swing low ! My bearish bias is further supported by the price holding below the Ichimoku Cloud and stochastic indicator where the %K line is approaching the resistance level.
Potential Pivot @ 38.55
Potential Take Profit @ 36.50
Potential Stop Loss @ 39.45
$Nongfu 5xLongSG220316(DWQW.SG$
Price is currently abiding to adescending trendline resistance, price would likely drop from the pivot level in line with 61.8% Fibonacci Projection and 61.8% Fibonacci Retracement. I am looking at a potential take profit in line with 61.8% Fibonacci Projection and horizontal swing low ! My bearish bias is further supported by the price holding below the Ichimoku Cloud and stochastic indicator where the %K line is approaching the resistance level.
Potential Pivot @ 38.55
Potential Take Profit @ 36.50
Potential Stop Loss @ 39.45
$Nongfu 5xLongSG220316(DWQW.SG$
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Can futu do vertical spread or other covered position in option trading?
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