hi guys! anyone thinking of going short for $CCB(00939.HK)$?
price is below ichimoku cloud which supports my bearish bias and the support level at which i intend to go short at 5.56 is in line with 100% fibonacci projection and the 38.2% fibonacci retracement, which suggests that there is high levels of barrier and a price reversal is possible. I will probably place my take profit at the 5.45 level just below the confluence area between the 61.8% fib...