What do you guys think of China Construction Bank ?

Hey all ! Check out $CCB(00939)$ ~ I can see that prices are abiding to a descending trendline resistance. I am expecting price to drop from pivot level in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 161.8% Fibonacci retracement and 127.2% Fibonacci projection. My bearish bias is further supported by price holding below the Ichimoku cloud and it is forming a strong resistance level.[Grin] [Tongue] 

Potential Pivot level@5.20

Potential Take Profit level@4.95

Potential Stop Loss level@5.30


$CCB 5xShortSG220225(DWBW.SI)$

$CCB 5xLongSG240807(DWCW.SI)$

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