$GEELY AUTO(00175)$ $TENCENT(00700)$
Hey guys! Anyone else eyeing $GEELY AUTO(175.HK))?
I'm seeing prices are on bearish momentum and abiding by my descending trendline. Looking to get in at the sell entry @ $16 in line with 38.2% Fibonacci retracement and also horizontal overlap. Probably going to short to $14.25 where the in line with 100% Fibonacci extension and 200% Fibonacci Projection and have my stop loss at $17 in line with 100% Fibonacci extension level.
Entry: $16
Take Profit: $14.25
Stop Loss: $17
What do yáll think?
$Geely 5xShortSG221201(DBCW.SI)
$Geely 5xLongSG220621(DDHW.SI)
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