Buying Meituan anybody?

Forexbae
2022-06-21

Anyone looking at $MEITUAN-W(03690)$ 

with price moving above the ichimoku cloud and the current bullish trend, Im looking to get in on a buy position at the 23.6% Fibonacci retarcement to my take profit at the horizontal swing high resistance. Altertively, price may break structure and head for my stop loss where the next horizontal pullback support and 38.2% fibonacci retracement.

Entry: 186.6[Smile] 

Take profit: 210[Miser] 

Stop loss: 175.8[Speechless] 

$Meituan 5xShortSG220216(DZXW.SI)$ 

$Meituan 5xLongSG220808(DMGW.SI)$ 

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  • limhy2312
    ·2022-06-21
    maybe exit, china's market doesn't look good for the near future
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  • moliya
    ·2022-06-24
    hi forexbae, how to use ichimoku cloud n Fibonacci .what is the strategies behind, where can I refer for this strategy
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  • moliya
    ·2022-06-24
    oh good let me buy
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  • MoonMoon
    ·2022-06-24
    Great business moat
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  • Maria_yy
    ·2022-06-22
    Good post, I learned a lot.
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  • ToughCoyote
    ·2022-06-21
    Thank uou for sharing
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  • ey79
    ·2022-06-21
    yup buy for quite sometime
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  • ekwee75
    ·2022-06-24
    [Happy]
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  • Beng14
    ·2022-06-24
    Great
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  • Tiger Wong
    ·2022-06-24
    Good
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  • Allen Chin
    ·2022-06-24
    666
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  • NZaw
    ·2022-06-24
    👌
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  • PC711
    ·2022-06-24
    yeah.. 👍
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  • qazwsxedcrfv
    ·2022-06-24
    [Like]
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  • Tuckhpoon
    ·2022-06-24
    [Miser]
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  • Shiting
    ·2022-06-24
    😍😍😍😍
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  • sathi
    ·2022-06-24
    ok
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  • kianhua84
    ·2022-06-24
    oooo
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  • kianhua84
    ·2022-06-24
    ok
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  • kianhua84
    ·2022-06-24
    oo
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