Chicken wings and pizza fly on CNY period

Using this as my last post for today, I am hoping the Chinese New Year starting tomorrow will usher in more revenue for KFC and Pizza Hut in China. Looking at the 4H chart, we can see a ultra bearish candle on 7 Feb with a gap up.

Thus I am awaiting for the price to come back down to 292 support level to close the gap before deciding to go LONG.

I also take this opportunity to wish all my followers and investors here a Happy and Prosperous Chinese New Year. May the year of Dragon bring forth more opportunities for us, provide us with more wisdom to do the right things (capital allocation, risk management, portfolio diversification,etc), good health and healthy relationships all year round.

تعليق:

patience and more patience else you would be paying higher price