Check Baidu out !
Hey all ! Check out $BIDU-SW(9888.HK) ~ Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. I can expect price to push further down from the pivot level in line with 38.2% Fibonacci retracement towards potential take profit level in line with horizontal support and 61.8% Fibonacci projection. My bearish bias is further supported by the Ichimoku cloud indicator where it is acting as a resistance.
Potential Pivot level @ 148.8
Potential Take profit level @ 133.5
Potential Stop Loss level @ 156.1
$Baidu 5xLongSG220511(DBDW.SI)
$Baidu 5xShortSG220511(DBFW.SI)
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