Update on Meituan

Hola guys! Another update on $MEITUAN-W(03690)$ 

Looking to play the bounce now.

With price moving above the ichimoku cloud and the current bullish trend, Im looking to get in on a buy position at the horizontal pullback support where the 23.6% Fibonacci retracement and ichimoku support is. Looking to play it back to the horizontal swing high in line with the 78.6% Fibonacci retracement. Alternatively, price may break structure and head for my stop loss where the next horizontal pullback support and 38.2% fibonacci retracement are.

Entry: 185.4[Smile] 

Take profit: 212.8[Miser] 

Stop loss: 175.6[Glance] 

$Meituan 5xShortSG220216(DZXW.SI)$ 

$Meituan 5xLongSG220808(DMGW.SI)$ 

# Technical Analysis

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  • PandoraHaggai
    ·2022-07-02
    Thank you for your technical analysis of this stock.
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  • DonnaMay
    ·2022-07-02
    What a good post, I learned a lot.
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  • HilaryWilde
    ·2022-07-02
    Can you analyze BABA?
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  • MortimerDodd
    ·2022-07-02
    You set a stop loss order is very good.
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  • BurnellStella
    ·2022-07-02
    I don't think MEITUAN will rebound so soon.
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  • BellaFaraday
    ·2022-07-02
    There's still a lot of pressure up there.
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  • 老赌神
    ·2022-07-01
    👍
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  • chandra
    ·2022-07-01
    ok
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  • champion6834
    ·2022-07-01
    hi
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  • DQS4288
    ·2022-07-01
    👍🏻
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  • Mingfa
    ·2022-07-01
    okoko
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  • Kiki19
    ·2022-07-01
    K
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