POTENTIAL FOR FURTHER DIPS!
Hey guys! Anyone eyeing on $SANDS CHINA LTD(1928.HK)?
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 18.44 in line with which is an area of Fibonacci confluences. Probably going to short to 13.58 in line with 61.8% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 19.02 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Prices are on bearish momentum. We see the potential for further dips to get in a sell entry @ 18.44 in line with which is an area of Fibonacci confluences. Probably going to short to 13.58 in line with 61.8% Fibonacci retracement and also a graphical swing low. I'll have my stop loss potentially at 19.02 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 18.44
Take Profit: 13.58
Stop Loss: 19.02
What do yáll think?
$Sands 5xShortSG220315(DDNW.SI)
$Sands 5xLongSG221013(DKTW.SI)
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