BILI has been trading over its 100 day moving average since the end of December.
Looking at RSI (2 period, 90% and 10% as upper/lower bands) BILI closed today below the lower band around 7.83%
On 2/7, RSI tapped the lower band followed by a nice run up before pulling back again on 2/15.
Long 80 BILI @ $18.60
Granted this was pretty far from the lows for the day, BILI should continue its run.
Plan to exit somewhere around $19.50 or so in the next trading week, give or take. If I see a jump sooner than later, ill take it.
Cheers!
Looking at RSI (2 period, 90% and 10% as upper/lower bands) BILI closed today below the lower band around 7.83%
On 2/7, RSI tapped the lower band followed by a nice run up before pulling back again on 2/15.
Long 80 BILI @ $18.60
Granted this was pretty far from the lows for the day, BILI should continue its run.
Plan to exit somewhere around $19.50 or so in the next trading week, give or take. If I see a jump sooner than later, ill take it.
Cheers!
Trade closed: target reached:
Sold 80 BILI @ 19.30
Stock bounced. Worked out pretty well here.
Cheers !
Stock bounced. Worked out pretty well here.
Cheers !