Thoughts on Kiaushou?

Forexbae
2022-06-22

Hola guys! Anyone looking at $KUAISHOU-W(01024)$ 

With price moving above the ichimoku cloud and the current bullish trend, Im looking to get in on a buy position if price breaks the horizontal swing high resistance at 89.05 to my take profit at the next horizontal swing high resistance at 99.60 in line with the 78.6% fibonacci projection. Altertively, price may break structure and head for my stop loss where the next horizontal swing low support and 38.2% fibonacci retracement.

Entry: 89.05

Take profit: 99.60

Stop loss: 79.75

$Kuaisho 5xLongSG220808(DXDW.SI)$ 

$Kuaisho 5xShortSG220307(DJXW.SI)$ 

Technical Analysis
Here is the place for you to discuss & learn about technical analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • FrankRebecca
    2022-06-22
    FrankRebecca
    Kuaishou start to take the bullish trend actually.
  • LeonaClemens
    2022-06-22
    LeonaClemens
    Seems that kuaishou will not rise again this week.
  • DonnaMay
    2022-06-24
    DonnaMay
    I look forward to your analysis of BABA.
  • PandoraHaggai
    2022-06-24
    PandoraHaggai
    KUAISHOU is under a lot of pressure at the top.
  • HilaryWilde
    2022-06-24
    HilaryWilde
    Your analysis is very worthy of my reference.
  • ElvisMarner
    2022-06-23
    ElvisMarner
    Thanks for your excellent post.
Leave a comment