Shorting Geely?

2021-12-16

Hey guys, Let me know your thoughts of me shorting $GEELY AUTO(00175)$ if it goes back to retest the graphical horizontal resistance which aligns with the resistance of the ichimoku cloud and 50% Fibonacci retracement at 24.6. I'm thinking it will respect the resistance there and drop to 21.35 where the next swing low is and I'll have my stop loss probably slightly above the swing high resistance at 27.05 area.

Entry:24.6[Smile]

Take Profit:21.35[Miser]

Stop Loss:27.05[Cry]

$Geely 5xLongSG230331(DVPW.SI)$

$Geely 5xShortSG230126(DDEW.SI)$

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KYHBKO
2021-12-19
KYHBKO
from technical, it may go down and may reverse. let's monitor closely.

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