moomoo ID:0
Log Out
  • 中文繁体
  • 中文简体

Download App

Log in to access Online Inquiry
wrote a post05/20 13:59

Bearish momentum for PetroChina?

Hi guys! Anyone looking at going for a sell for $PETROCHINA(00857.HK)$?

Price has been moving in a descending trendline and is below ichimoku cloud, which supports my bearish bias. However, i will only go in for a sell if price breaks through the level of support at 3.892 in line with the 50% fibonacci retracement and 61.8% fibonacci projection. There is a high level of barrier at the first level of resistance, 3.995, due to the area of confluence from the 78.6% fibonacci projection and 61.8% fibonacci retracment, which could result in a reversal.

sell entry: 3.8922Smile
take profit: 3.655Drool
stop loss: 3.995Cry

$PetroCH 5xShortSG231012(DHZW.SG)$
$PetroCH 5xLongSG230331(D00W.SG)$
Bearish momentum for PetroChina?
Moomoo is an app offered by Moomoo Techonologies Inc. that provides information about investments. Moomoo Technologies is not an investment adviser or a broker-dealer and it provides neither investment or financial advice nor securities trading services. All contents such as comments and links posted or shared by users of the community are opinions of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Technologies, its affiliates, or any employees of Moomoo Technologies or its affiliates. You are advised to consult a qualified financial or tax advisor for your personal financial planning and tax situations.
Sign in to post a comment