Hey guys!!! I have once again brought you another setup$CM BANK(03968.HK)$ On the H4, with RSI moving in a descending trendline, we have a bearish bias that price will drop from sell entry at 50.85 where the overlap resistance is to the take profit at 41.30 where the swing low support is. Alternatively, price could break entry structure and head to stop loss at 55.35 where the 100% fibonacci projection and 50% fibonaci retracement are. Entry:50.85 Take p...
Hi guys, Anyone else looking at$CM BANK(03968.HK)$? With the current downtrend, I'm expecting to see price reverse from the ichimoku cloud resistance at 52.10 in line with the 50% Fibonacci retracement and horizontal pullback resistance to my take profit area of 41.50 where the swing low support is. Alternatively, if price breaks bearish structure, we will see price potentially going to my stop loss at 58.10 in line with the 78.6% Fibonacci retracement. Entry: 5...
Hey guys! Thoughts on$CM BANK(03968.HK)$? Im looking to get in with a short cause price is below the ichimoku and seems like there's bearish momentum. Let me know what you think bout entry at swing high of 47.70, stop loss at horizontal pullback resistance and 50% Fibonacci retracement and take profit at 41.45 at swing low and 78.6% Fibonacci retracement. Entry:47.70 Take Profit:41.45 Stop loss: 52.10 $CMB 5xShortSG231019(DSGW.SG)$ $CMB 5xLongSG231019(DTDW.SG)$ ...
China’s anti-corruption watchdog said it has placed the former president and chief executive of China Merchants Bank Co. under an investigation, just days after he was abruptly removed from the helm of the state-backed lender. The country’s Central Commission for Discipline Inspection said in a brief statement on Friday that Tian Huiyu is “suspected of seriously violating discipline and laws,” without providing details. Mr. Ti...
China’s central bank cut its benchmark lending rates again on Thursday amid concerns about an economic slowdown in the world’s second-largest economy. The People’s Bank of China reduced the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. In December, the PBOC cut the one-year loan prime rate for the first time since April 2020.The five-year loan prime rate was lowered by 5 basis points from 4.65% to 4....