Hey all ! Check out $李寧 (02331.HK)$ ~ Price has broken out of the ascending trendline support, signifying a bearish momentum. I can expect price to drop further down from the pivot level in line with 61.8% Fibonacci projection towards take profit level in line with 100% Fibonacci projection. My bearish bias is further supported by the MACD indicator where the signal line is above the MACD line.
Potential take profit level @ 61.05
Potential Pivot level @ 79.8
Potential S...