Meituan (3690 HK) [1-3 weeks view] Short

MEITUANHKEX

Description

⋅ Apr 28, 2021 7:13 AM

This is an analysis for a client.
Price is holding below descending trendline resistance.
RSI is also reacting below resistance.

Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.

Trade closed: target reached

⋅ May 27, 2021 6:54 AM

Trend Analysis

Comments

Mrmegamax

⋅ May 7, 2021 8:11 AM

nice call. would you recommend going long at this point?

laughingchartist

⋅ May 7, 2021 6:13 PM

@Mrmegamax, Thank you. Longer term target that I have on this is around the 255 region. After which, I'll do a fresh analysis if my client requests.