Hey guys!!! I have once again brought you another setup$CM BANK(03968.HK)$ On the H4, with RSI moving in a descending trendline, we have a bearish bias that price will drop from sell entry at 50.85 where the overlap resistance is to the take profit at 41.30 where the swing low support is. Alternatively, price could break entry structure and head to stop loss at 55.35 where the 100% fibonacci projection and 50% fibonaci retracement are. Entry:50.85 Take p...
Hi guys, Anyone else looking at$CM BANK(03968.HK)$? With the current downtrend, I'm expecting to see price reverse from the ichimoku cloud resistance at 52.10 in line with the 50% Fibonacci retracement and horizontal pullback resistance to my take profit area of 41.50 where the swing low support is. Alternatively, if price breaks bearish structure, we will see price potentially going to my stop loss at 58.10 in line with the 78.6% Fibonacci retracement. Entry: 5...
Hey guys! Thoughts on$CM BANK(03968.HK)$? Im looking to get in with a short cause price is below the ichimoku and seems like there's bearish momentum. Let me know what you think bout entry at swing high of 47.70, stop loss at horizontal pullback resistance and 50% Fibonacci retracement and take profit at 41.45 at swing low and 78.6% Fibonacci retracement. Entry:47.70 Take Profit:41.45 Stop loss: 52.10 $CMB 5xShortSG231019(DSGW.SG)$ $CMB 5xLongSG231019(DTDW.SG)$