Short on Geely?

2021-11-09

Hi guys. Let me know what you guys think bout $GEELY AUTO(00175)$

I’m looking to short it at 26.30 to 25.35 where the 78.6% Fibonacci projection area is at. It seems like it’s rejecting my entry where the ichimoku resistance cum horizontal overlap resistance is. There’s an intermidiary support at 25.8 in line with the 61.8% Fibonacci retracement so might take put my first TP there. Stop loss will be at last resistance in line with 61.8% Fibonacci projection. Risk to reward is decent if it does it’s full potential.

Entry: 26.3[Smile]

Take Profit: 25.35[Cool]

Stop Loss: 26.65[Cry]

$Geely 5xLongSG220621(DDHW.SI)$

$Geely 5xShortSG231214(DCDW.SI)$

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