Did you guys invest in Sino Bio?
Hey all ~ I am looking at $SINO BIOPHARM(01177.HK$ today ! I see that price could possibly be abiding to the descending trendline resistance. I am expecting a further drop from the pivot level in line with 38.2% Fibonacci retracement towards the take profit level in line with 127.2% Fibonacci extension, 78.6% Fibonacci projection and -27.2% Fibonacci expansion. My bearish bias is further supported by the RSI indicator where it abides to the descending trendline resistance.![]()
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Potential Pivot level @ 5.76
Potential Take Profit level @ 5.41
Potential Stop Loss level @ 5.91
$SinoBio 5xShortSG231220(DHVW.SG$
$SinoBio 5xLongSG231220(DKLW.SG$
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