Anyone else shorting Wilmar?
Hey guys!
Anyone else looking to short $Wilmar Intl(F34.SG$
It's currently at the horizontal swing high resistance, the resistance of the descending channel and ichimoku cloud. All of those resistance aligned is suggesting a high possibility of a drop from around the 4.20 area. Looking to get in from there to the next swing low support at 3.99 which is in line with the 78.6% Fibonacci projection. If I'm wrong, my stop loss would be tight at the next overlap resistance at 4.27.
Entry:4.20
Take Profit:3.99
Stop Loss:4.27
$Wilmar 5xLongSG220225(DFHW.SG$
$Wilmar 5xShortSG230825(DHGW.SG$
Anyone else looking to short $Wilmar Intl(F34.SG$
It's currently at the horizontal swing high resistance, the resistance of the descending channel and ichimoku cloud. All of those resistance aligned is suggesting a high possibility of a drop from around the 4.20 area. Looking to get in from there to the next swing low support at 3.99 which is in line with the 78.6% Fibonacci projection. If I'm wrong, my stop loss would be tight at the next overlap resistance at 4.27.
Entry:4.20
Take Profit:3.99
Stop Loss:4.27
$Wilmar 5xLongSG220225(DFHW.SG$
$Wilmar 5xShortSG230825(DHGW.SG$
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Jase Ng : Short at $4.35.