Meituan is breaking previous swing high and is on wave 5! Meituan is breaking previous swing high and is on the way of a impulsive wave 5! Longby ella5194
Opportunity or Threat ?Read latest article here So, the Chinese government is out again bashing some of the local big Tech firms and Meituan Dianpin is not spared along with Alibaba, Tencent , etc. I am awaiting for the selling to ease and show the next round of bullish signals before adding more. Longby dchua1969Updated 0
Meituan waiting for breakout from the descending triangle ! Meituan is forming a nice descending triangle pattern and is currently waiting for breakout from the descending triangle ! if price could closes belowe the horizontal support line where it has tested 3 times before, we might see a further drop towards the downside ! Shortby ella5190
Meituan sell-off to key graphical support level ! Meituan sell-off to key graphical support level ! Longby ella5190
3690 brokeout the short term trendline HKEX:3690 One of the hottest HK stocks 3690 has just broken up the short term trend line with a good momentum. A buy setup with 1:3 risk to reward ratio is possible. Put the stop loss right below the weekly low which is 293 and tp target will be the previous historical high 338.2 Stay tune for the update:)Longby JeffCheungUpdated 221
MEituan is ready to make another bounce ! Meituan is trading in a triangular squeeze and is ready to bounce from the lower band of the price action. Before a upward breakout, price is likely to reach the previous swing high first, which we use as our TP.Longby ella519110
Key level at 323.6% expansion level needs to be cleared Key level at 323.6% expansion level needs to be cleared To confirm further upside. However, I think there the possibility is strong. Longby William-trading111
3690.HKEX_ST LongENTRY: 280 TP: 303 SL: 275 - ADX<20 today (28 Oct 2020) - RSI<65 today (28 Oct 2020) - Would like ADX>25 and RSI>70 though - MAs are aligned - Decent volume breakup from C&H - Risker trade based on personnel viewLongby TRADER-WANNA-BEUpdated 440
The fisherman takes it allMeituan has fallen almost 20% from its peak at 279 and is now being supported at 227.60. I am adding more at this level and believe it would continue to trend higher. Longby dchua1969Updated 442
Meituan BreakoutMacro: Chinese leading indicators expanding/ recovering Chinese consumer returning to norm Global innovation theme taking off Sector: Consumer cyclicals preferred Technology focused Stock: 3Q seasonality good for Meituan Mid Autumn Festival pent up consuemr spending Potential HSI inclusion (fingers crossed) Technicals: General uptrend intact (Moving averages & rising OBV) Ascending Triangle Longby warrenbuffett1231
Corrective ABC regular flatMeituan 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 reboundby William-trading880
Meituan Fall fall pls :PMaybe I am too pessimist, but I think there is no room for ATH again. I hope it will fall at least until earnings report.Shortby BtNd550
Meituan symmetrical triangleFor me, now the market is not stable. Because of the US-China situation and COVID-19. Could this bounce on support? by BtNd113
Meituan Dianping (3690 - HK) - Impulse wave patternMeituan Dianping (3690 - HK) is now in 4th internal wave of 5th wave up in 60 min, which is the part of daily wave 5 up. One more high should be there to complete the wave sequence will come to around 142-145 level. Also it may possible to extend this move. Longby EWFcw5
Meituan Dianping (3690 - HK) - Impulse wave patternMeituan Dianping (3690 - HK) is a Retail stock from Services sector in Hong Kong, which is out-performing and at all time high. From the major bottom shown in Daily chart it made an impulse five wave up sequence, in which it is in it’s 5th wave up. In 30 min time frame, price is in 4th wave correction and sharp as alternating with wave 2nd was choppy. Today is its earning day, so if it retains 116 level then it will go for new high above 145 level. Let’s see how chart unfolds.Longby EWFcw227
Inverse H&SIt was a pretty obvious bull signal. But I think its relatively overvalued and I would consider shorting if the support lime drawn on the chart is broken. TP will be 105.Shortby Kujo_Qtaro7
LONG 3690 (MEITUAN)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.Longby jerryas116
meituan dianpin flying to the moonI bought this stock from May to September, making profits along the way but adjusted trailing SL too tight and was taken out. Since then, I have not been able to participate on the rising uptrend. In retrospect, looking at the chart now, I see much clearer my mistakes for not getting in again as each pullback was an opportunity. Thus, opportunity costs is high and one has to buy a much higher price to buy and hope that it gets even higher. But because it is a new IPO stock, it is relatively hard to know how high it can go forward since there is no historical price action to based on. Food is something very close to the heart of Chinese consumers. It is no longer just a functional need but a social need as well. With rising income, people are able to afford better food and prices at restaurants and there exists a need to compare and provide reviews online on which restaurant to choose from. It serves the needs of busy nomads especially those in the Tier 1 and 2 cities where life is more hectic and time is of essence. The fact that all this information can be searched and performed online via a mobile phone in China makes it even easier for the Chinese consumers to use. Imagine having great food , great company and at a discount , what is there not to like ? It is a win -win for the merchants, customers and the company as well. For those who are new to this counter, read it here : en.wikipedia.org It is the western version of Groupon and Tripadvisor combined. I am monitoring closely for the price to fall further before scooping to buy again. It looks a toppish for now with weaker buyers strength. Don't forget to put this in your watch listLongby dchua1969Updated 4