Any thoughts on buying Geely?

2021-11-15

Hey guys! Please comment your thoughts on$GEELY AUTO(00175)$

I’m looking to get in at 24.8 which to me is a strong support area. It’s where the support of the ichimoku cloud, 38.2% Fibonacci retracement level and horizontal overlap support all lines up. Will buy up to 28.05 where the 50% fibonacci retracement is and have my stop loss at 23.30 close to the 61.8% fibonacci retracement. I feel that it wont even get close to the stop Loss area. This set up has a good risk to reward at 1:2.

Entry: 24.8[Smile]

Take Profit: 28.05[Miser]

Stop Loss: 23.30[Cry]

$Geely 5xLongSG220621(DDHW.SI)$

$Geely 5xShortSG231214(DCDW.SI)$

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