Thoughts on Bilibili?

The Investor
2022-08-29

Hi everyone! I have a great setup here $BILIBILI-SW(09626)$ 

On the H4, with prices moving along an ascending trendline and RSI moving along an ascending trendline, we have a bullish bias that price will rise to buy entry at 210.2 where the overlap resistance is. Should price break entry structure, we have a bullish bias that price will rise to take profit at 238.0 where the swing high resistance and 61.8% projection are. Alternatively, price could drop to stop loss at 176.2 where the pullback support and 78.6% fibonacci projection are.

Entry: 210.2 [Smile] 

Take Profit: 238.0 [Miser] 

Stop Loss: 176.2 [Cry] 

$Bilibili 5xLongSG230329(DMJW.SI)$ 

$Bilibili 5xShortSG230620(DCNW.SI)$ 

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Comments

  • HilaryWilde
    2022-08-31
    HilaryWilde
    Your analysis is very professional, it seems that I need to go long this stock.
  • PandoraHaggai
    2022-08-31
    PandoraHaggai
    RSI suggests we should invest in it.
  • Maria_yy
    2022-08-31
    Maria_yy
    09626 is currently in the rising channel.
  • ElvisMarner
    2022-08-31
    ElvisMarner
    I also like Bilibili's future performance.
  • BellaFaraday
    2022-08-31
    BellaFaraday
    176.2 is the correct stop.
  • b1uesky
    2022-08-29
    b1uesky
    thk for sharing
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