Potential Buy on Geely?

2021-11-03

Hey guys! I’m planning to go long $GEELY AUTO(00175)$. Let me know what you guys think. It’s bouncing off the support on the stocastics and is on a graphical swing Low from mid October. I’m looking to get in at 24.8 where the 127.2% Fibonacci projection is and taking profit at the 61.8% Fibonacci retracement area at 25.70. If things go south, my stoploss is at 24.5 in line with the 127.2% Fibonacci extension which is a super tight stop loss making this a really good risk to reward trade.

Entry: 24.8[Smile]

Take Profit: 25.75[Miser]

Stop Loss: 24.5[Cry]

$Geely 5xLongSG220621(DDHW.SI)$

$Geely 5xShortSG231214(DCDW.SI)$

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