HKEX:1337
It's against the big trend in HKEX since it recovered above EMA 200 but it's still 4/5 on my rating card so I did a position shorting Razer to swing low.
RRR not great but good at 1.6 if I can ride through the swing lows since we will meet a small support later.
Key factors why I entered:
- At support turned resistance level
- Price rejection with volume supporting rejection
- 4H same picture as well, only difference is that it's above EMA 200 but has since reached resistance level
- Momentum at healthy levels (40x Stochastic reading)
Let's see how it goes.
Cheers!
It's against the big trend in HKEX since it recovered above EMA 200 but it's still 4/5 on my rating card so I did a position shorting Razer to swing low.
RRR not great but good at 1.6 if I can ride through the swing lows since we will meet a small support later.
Key factors why I entered:
- At support turned resistance level
- Price rejection with volume supporting rejection
- 4H same picture as well, only difference is that it's above EMA 200 but has since reached resistance level
- Momentum at healthy levels (40x Stochastic reading)
Let's see how it goes.
Cheers!