Back with another update on $MEITUAN-W(03690)$ Price is n...
Price is now moving in a wedge. expecting price break to the upside. last post still valid.
With price moving above the ichimoku cloud and the current bullish trend, Im looking to get in on a buy position at the horizontal pullback support where the 23.6% Fibonacci retracement and ichimoku support is. Looking to play it back to the horizontal swing high in line with the 78.6% Fibonacci retracement. Alternatively, price may break structure and head for my stop loss where the next horizontal pullback support and 38.2% fibonacci retracement are.
Entry: 185.4
Take profit: 212.8
Stop loss: 175.6
$Meituan 5xShortSG220216(DZXW.SI)$
$Meituan 5xLongSG220808(DMGW.SI)$
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