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William-trading
Oct 19, 2020 6:30 AM

Corrective ABC regular flat 

HKEX:36901D
MEITUANHKEX

Description

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Meituan no doubt is going strong on an uptrend but the failure to clear above the high last week signal that the ABC correction has arrived and as such, we are betting on the stock to make a lower price zone to stage a rebound
Trend AnalysisWave Analysis
Comments
warrenbuffett123
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hate to say it... i told u so
William-trading
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@warrenbuffett123, You hate it, I love it. As long as it net me profits it doesn't matter.

Anyway, those 2 blue zones shall remain as my buy limit levels.
warrenbuffett123
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potential hsi inclusion in nov + 3Q favourable seasonality (and mid autumn festival boost) for meituan... why the fk would the stock correct? LOL
William-trading
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@warrenbuffett123, Yea yea thanks for the heads up, I went in for a spot buy. at 266.00
warrenbuffett123
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@William-trading, good man!
warrenbuffett123
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@William-trading, help me project how high the price can go by year end!!! so many fundamental catalysts ahead but idk how to project price looking forward.
William-trading
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@warrenbuffett123, Meituan has hit my target at 310.00 judging from the ant financial thingy, focus will be on meituan.
warrenbuffett123
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@William-trading, yeah and inclusion on 13th. im still in. hopeful.
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