Hi guys! Anyone going in for a sell for CK Asset?
Price is moving in a descending trendline and has just made a reversal on the ichimoku cloud which supports my bearish bias. My sell entry will be at 53.80 and take profit at 53.15 in line with the confluence area at the 50.00% fibonacci retracement and 61.8% fibonacci projection levels. Will probably have my stop loss at 54.00 in line with the horizontal resistance level.
Let me know what you think!
Sell entry: ...

When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. We note that CK Asset Holdings Limited (HKG: 1113) has debt on its balance sheet. But should shareholders be concerned about its use of debt?
Why Does Debt Bring Risk?
Debt only becomes a real problem when a company cannot repay it easily, either by raising capital or with its own cash flow. An integral...