BILI Clears 8-Month Resistance – Bullish or Bull Trap?
Chart Analysis – $BILIBILI-W(09626)$
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BILI has broken out of an 8-month base consolidation, clearing a key resistance zone around HKD 185–190 (bili broke out of the resistance on HK trading hours)
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This type of base breakout is often seen as a bullish continuation signal, especially when accompanied by strong volume and momentum (RSI > 85).
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The breakout zone may now act as immediate support in the short term.
Bullish Scenario:
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If the breakout holds and price continues to rise, traders who are bullish may consider Long DLCs (e.g. $Bilibili 5xLongSG270216(ODJW.SI)$ ) to gain leveraged exposure.
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DLCs magnify short-term price movements. A rising stock benefits Long DLCs.
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Key reminder: DLCs are leveraged products. Losses are also magnified. Always use proper risk management.
Bearish Scenario:
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If price fails to hold above the breakout zone and falls back into the base, it could indicate a false breakout.
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In such a case, traders with a bearish view may consider Short DLCs to gain from short-term downside moves.
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Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
