$美团-W(03690)$
Hey guys! Anyone else eyeing $MEITUAN-W(3690.HK)
Prices are on bearish momentum. We see the potential for further dips
Looking to get in at the sell entry @ 164.9 in line with 50% Fibonacci retracement and double top. Probably going to short to 103.3 in line with 200% Fibonacci 200% Fibonacci projection. I'll have my stop loss potentially at 182.0 in line with 61.8% Fibonacci retracement. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 164.9
Take Profit: 103.3
Stop Loss: 182.0
What do yáll think?
$Meituan 5xShortSG220216(DZXW.SI)
$Meituan 5xLongSG220808(DMGW.SI)
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