Follow up of Meituan

Back with another update on $MEITUAN-W(03690)$ 

Price is now moving in a wedge. expecting price break to the upside. last post still valid. 

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[Cool] 

Stop loss: 175.6[Cry] 


$Meituan 5xShortSG220216(DZXW.SI)$

$Meituan 5xLongSG220808(DMGW.SI)$

# Technical Analysis

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  • PandoraHaggai
    ·2022-07-06
    This post gave me a reference, thanks for sharing.
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  • nimbly
    ·2022-07-04
    MEITUAN is a good company.The price is very cheap now.
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  • MortimerDodd
    ·2022-07-05
    Great post, looking forward to your next post.
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  • cheerzy
    ·2022-07-04
    Still holding MEITUAN.
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  • snugglo
    ·2022-07-04
    Thanks for your sharing.Like.
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  • WayneEvans
    ·2022-07-04
    I have confidence in it
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  • HarryCox
    ·2022-07-04
    Meituan is in an intersting postition now
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  • 逍遥谷古月轩
    ·2022-07-05
    [微笑]
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  • Hymh
    ·2022-07-05
    buy
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  • SSW2021
    ·2022-07-05
    Thx
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