Hey guys! Anyone eyeing on$SUNNY OPTICAL(02382.HK)$Prices abiding by a descending trendline and are on bearish momentum. We see the potential for dip from our sell entry at 126.2 which is a graphical overlap. Probably going to short to our Take Profit at 100.8 in line with 61.8% Fibonacci retracement. I'll have my stop loss potentially at 133.90in line with 61.8% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias. Entry: 126...
Hi everyone! Anyone else looking at$SUNNY OPTICAL(02382.HK)$as well?? What do you guys bout that ascending trendline break? legit? If price retraces back to that last swing high where my entry is, I'll probably consider shorting from 225.2 to 200.87 where the next swing low aligns with the 100% Fibonacci projection and 78.6% Fibonacci retracement. In case I'm wrong, my stop loss would be at the next swing high at 233.8. Entry:225.2 Take Profit: 200.87 Stop Loss:233.8 ...
Hey guys. I’m looking to short $SUNNY OPTICAL(02382.HK)$let me know what you guys think bout my setup. With the current downtrend and price being under ichimoku, I’m shorting from 221.4 where the horizontal overlap resistance and 23.6% Fibonacci retracement is, taking profit at 216.8 in line with the 78.6% Fibonacci retracement and stop loss at the 50% Fibonacci retracement and horizontal overlap resistance at 224. Entry: 221.4 Take Profit: 216.8 Stop Loss: 224 $Sunny 5xShortSG230825(DFSW.SG)$ $Sunny 5xLongSG230920(DSDW.SG)$
Hey guys. I’m looking to short$SUNNY OPTICAL(02382.HK)$let me know what y’all think. It’s testing the ichimoku resistance and stocastics resistance. Looking to get in at 203.2in line with the 38.2 Fibonacci retracement to 199.4 where the 100% Fibonacci projection is at. Stop loss at 205 making it a good risk to reward trade if it plays out. Entry: 203.2 Take Profit: 199.4 Stop Loss: 205 $Sunny 5xShortSG230825(DFSW.SG)$ $Sunny 5xLongSG230920(DSDW.SG)$
Hola guys! I’m looking to short$SUNNY OPTICAL(02382.HK)$. on the stocastic, it seems like its rejecting the reisistance at 226.4 which is where i’ll be placing my stop loss or actually might move the stop loss higher above the wicks. My entry will be at 223.8 where the two body candles are at and take profit at 216.2 where the nearest support is. personally, im still bullish on this stock but thinking itll just do a short retracement. $Sunny 5xShortSG230825(DFSW.SG)$ $Sunny 5xLongSG230920(DSDW.SG)$