mayksic

China Vanke: Key price to monitor ($25)

HKEX:2202   CHINA VANKE
HKEX:2202
China Vanke has been in a downtrend since January 2018, peaked at $42.40 on 16 January 2018.
Recent gapped up 13 September 2018, with current support at $25.00.
Looking at the triangle, the point coincides with the support at $25.00 which then becomes our decision point for Long or Short.
Assuming it is moving up, using Fibonacci 23.6% gets us to $27.00 which also coincides with our recent resistance level .

Monitor the key level and then decide.
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