Check out CK asset !
Hey all ! What do you guys think about $CK ASSET(01113.HK$ ? I see that price has recently broke out of the descending trendline resistance and it is abiding to the ascending channel. However, I am expecting that price would make a small bearish drop at the potential pivot level in line with 78.6% Fibonacci projection and 161.8% Fibonacci extension towards the potential take profit level in line with 61.8% Fibonacci projection and 38.2% Fibonacci retracement. My short-term bearish bias is further supported by the stochastic indicator where the %K line is at the resistance level.
Potential Pivot level@51.35
Potential Take Profit level@48.35
Potential Stop Loss level@52.40
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102987738 : I think it it just a relief rally to $51.60
It is going turn down hard to below $35