Potential for further dips

$JD-SW(09618.HK)$

Hey guys! Anyone eyeing on $9618 JD.com

Prices are on bearish momentum. We see the potential for further dips.

Looking to get in at the sell entry @ 22499.08 in line with 161.8% Fibonacci projection. Probably going to short to 18443.34 which is the graphical swing low. I'll have my stop loss potentially at 23361.14 in line with 78.6% Fibonacci extension. Prices are trading below the ichimoku clouds, further supporting our bearish bias.

Entry: 22499.08

Take Profit: 18443.34

Stop Loss: 23361.14

What do yáll think?

$HSI 5xShortSG230420(CXQW.SI)