700 Tencent short target HKD352.4

Idea: we see 700 top at HKD$395 on May 8, and 4 days later it dropped HKD26 in total, bounced up and wasn't able to bounce back up above EMA30.
as drop ABC, where A is $26, and C expects another HKD$26 drop from May 15 @$378.4 to HKD$352.4

Trade active:

updated: if we add HKD26 below 368, we'll see 342

even though, I'm looking for lower target, but if it hits this one, I'll take profit, at least half of it.

so, range target is 342-352

Trade closed: target reached:

today, 700 lowest 336.8

target reached.

wait 358 and short again, target 300

Trade closed: target reached:

will open up another one for next trade.

Trade active:

again, the market is NON stop, so, I just open up another trade, put it though June.
looking forward to HKD317, next is HKD275 area

Trade active:

revised, not HKD317, but HKD307 and HKD275.

Trade active:

By looking at the history, this one rebounded 0.618 last year on every drop. This time, no mater it starts at 400/395, if it bounces here, we will see 347area, but I preferred it drops to around 300 and 0.618 to this week's high at around 340.

So, no mater what, I keep putting it until 307, and find a call to 340 area.

Comment:

When I said 0.618 above, I really meant 0.382

Trade closed: stop reached