Hey all ! I am currently looking at $CITY DEVELOPMENTS LIMITED(C09.SI)$,I personally feel there would be a short-term bearish movement within the ascending channel.[What]
We can expect price to move downwards from the pivot level in line with 61.8% Fibonacci retracement towards the potential take profit level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. My short-term bearihs bias is further supported by the MACD indicator where the signal line crossed above the MACD line.[Cool]
Potential Pivot Level @ 7.46
Potential Take Profit Level @ 7.21
Potential Stop Loss Level @ 7.55
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