lixing_gan

PetroChina is approaching support, potential bounce

Long
HKEX:857   PETROCHINA CO
Price is approaching our support where we could see a bounce above this level. Our first support is in line with our 100% and 78.6% fibonacci extension as well as the 61.8% fibonacci retracement . Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.