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
$CMB 5xShortSG231019(DSGW.SG)$
$CMB 5xLongSG231019(DTDW.SG)$
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Hey all ! Check out $CM BANK(03968.HK)$ I can see that price is reacting in a triangle formation. I am expecting price to fall from the pivot level in line with 50% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection. My bearish bias is further supported by the stochastic indicator where the %K line dropped from the resistance level.
Potential Pivot level @ 64.05
Potential Take Profit level @ 59.85
Potential Stop Loss level @ 65.95
$CMB 5xShortSG231019(DSGW.SG)$
$CMB 5xLongSG231019(DTDW.SG)$

China's central bank said on Monday (Dec 6) it would cut the amount of cash that banks must hold in reserve, its second such move this year, releasing 1.2 trillion yuan (US$188 billion) in long-term liquidity to bolster slowing economic growth. The People's Bank of China (PBOC) said on its website it would cut the reserve requirement ratio (RRR) for banks by 50 basis points, effective from Dec 15.
The world's second-largest economy, which staged an impressive rebound from last year's pandemic slump, has lost momentum in recent months as it grapples with a slowing manufacturing sector, debt problems in the property market and persistent COVID-19 outbreaks. Some analysts believe growth could slow further in the fourth quarter from the third quarter's 4.9 per cent, although the full-year growth could still be around 8 per cent.
China will focus on stabilizing macroeconomic conditions, ensuring the economy grows in a reasonable range and that society remains orderly ahead of the party’s key 20th congress meeting later next year. The reduction will lower the capital cost for financial institutions by about 15 billion yuan each year, which will lower the overall financing cost of the economy.
If you wish to leverage on this, consider using DLCs
$CM BANK(03968.HK)$
5x short $CMB 5xShortSG231019(DSGW.SG)$
5x long $CMB 5xLongSG231019(DTDW.SG)$