Insights on Kuaisho?

The Investor
2022-08-05

Hi guys! I have another setup here $KUAISHOU-W(01024)$ 

On the H4, with prices moving within the descending channel and below the ichimoku indicator, we have a bearish bias that prices will drop to sell entry at 76.90 where the pullback support is. Once there is downside confirmation that price has broken the entry structure, we would expect bearish momentum to carry price to take profit at 68.40 in line with pullback support, 61.8% fibonacci retracement, -27.2% fibonacci expansion and 100% fibonacci projection. Alternatively, price could rise to stop loss at 86.15 where the swing high resistance is.

Entry: 76.90[Smile] 

Take Profit: 68.40[Miser] 

Stop Loss: 86.15 [Cry] 

$Kuaisho 5xLongSG220808(DXDW.SI)$ 

$Kuaisho 5xShortSG220307(DJXW.SI)$ 

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

  • WayneEvans
    2022-08-05
    WayneEvans
    I really think the Chinese internet companies are affected by policies a lot.
  • DonnaMay
    2022-08-07
    DonnaMay
    86 is a critical position.
  • MortimerDodd
    2022-08-07
    MortimerDodd
    I agree with you that it will continue to fall.
  • BellaFaraday
    2022-08-07
    BellaFaraday
    Do you think KUAISHOU is at risk of delisting?
  • PandoraHaggai
    2022-08-07
    PandoraHaggai
    Shorting this stock is not the way to go.
  • Maky
    2022-08-05
    Maky
    Thanks for sharing
Leave a comment
1