1357 Meitu Head and shoulders buying opportunityBuy in the red box with a stop loss of 1,34 and targets of 7,5 and the resistance lines to scale out of your position
0.121000USD
53.39 MUSD
380.48 MUSD
About MEITU INC
Sector
Industry
CEO
Xin Hong Wu
Website
Headquarters
Xiamen
Employees (FY)
1.97 K
Founded
2008
FIGI
BBG00GB856M1
Meitu, Inc. is an investment holding company, which engages in provision of Internet services, and developing, manufacturing and sales of smart hardware and others in the People's Republic of China, Hong Kong and other countries and regions. It products include BeautyCam, Meipai, SELFIECITY, AirBrush, BeautyPlus and MakeupPlus. The company was founded by Xin Hong Wu in October 2008 and is headquartered in Xiamen, China.
Moderately bullish on MEITU 1357 HKThe 4 hour timeframe is shown in this analysis and commentary is provided below based on the numbers indicated on the chart:
1. A weak Price & Base Line bullish cross signal takes place below the kumo
2. But RSI divergence strengthen my intermediate bullish view on the stock
3. Due to a rapid slump
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