Bearish momentum for China Construction Bank?

mchongmy
2022-05-20

hi guys! anyone thinking of going short for $CCB(00939)$ ?

price is below ichimoku cloud which supports my bearish bias and the support level at which i intend to go short at 5.56 is in line with 100% fibonacci projection and the 38.2% fibonacci retracement, which suggests that there is high levels of barrier and a price reversal is possible. I will probably place my take profit at the 5.45 level just below the confluence area between the 61.8% fibonacci projection, 23.6% fibonacci retracement and 38.2% fibonacci retracement.

sell entry: 5.56[Smile] 

take profit: 5.45[Happy] 

stop loss: 5.64[Cry] 

$CCB 5xLongSG240807(DWCW.SI)$ 

$CCB 5xShortSG231214(DZYW.SI)$ 

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Comments

  • MR_Wu
    2022-05-22
    MR_Wu
    I would love to learn technical analysis from you.
  • EvanHolt
    2022-05-22
    EvanHolt
    I'm pretty much on the same page as you.
  • HilaryWilde
    2022-05-22
    HilaryWilde
    The fundamentals of CCB are still very good.
  • BurnellStella
    2022-05-22
    BurnellStella
    You are definitely a master investor.
  • sgFIREmm
    2022-09-09
    sgFIREmm
    ok
  • katgoh
    2022-05-20
    katgoh
    ok
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