Hey guys, let me know what you think about shorting $MEITUAN-W(03690.HK)$ 
My entry to short is at 263. That's where the 50% Fibonacci retracement, resistance for the ichimoku and the graphical overlap resistance lines up. I'll take profit at the next support at 231 or even lower at 226 where the 61.8% Fibonacci retracement is and have my SL at 286 in line with the 78.6% Fibonacci retracement.
Entry: 263
Take Profit: 226
Stop Loss: 286
$Meituan 5xShortSG231214(DARW.SG)$ 
$Meituan 5xLongSG220808(DMGW.SG)$

Hong Kong stocks fell on Friday morning as Chinese technology giants from Meituan to Alibaba Group Holdings faltered amid concerns aboutChinese companies delisting in the US.
The Hang Seng Index retreated 1.1 per cent to 23,517.99 at 10am local time, reversing two days of gains and putting it on track for a weekly loss of 0.9 per cent. The Hang Seng Tech Index declined 1.8 per cent, while China’s Shanghai Composite Index rose 0.3 per cent. Alibaba sank 2.8% to HK$119.20, deepening a rout as it continues to trade at record low. Food delivery platform operator Meituan declined 3.3%, while online gaming giant Tencent lost 2.5%.
The Securities and Exchange Commission on Thursday announced its final plan for putting in place a new law that mandates foreign companies open their books to US scrutiny or risk being kicked off the New York Stock Exchange and Nasdaq within three years.
The SEC’s new rule, which lays out how the regulator will identify companies subject to delisting and the procedure for kicking non-compliant firms off exchanges, is the latest development in a tussle between financial officials in the world’s two biggest economies. The SEC’s new rule, which lays out how the regulator will identify companies subject to delisting and the procedure for kicking non-compliant firms off exchanges, is the latest development in a tussle between financial officials in the world’s two biggest economies.
Losses were exacerbated by the Securities and Exchange Commission moving closer to a new law on Thursday that could see Chinese companies booted off American bourses. The new rules would aim to ensure foreign firms, in particular Chinese companies, comply with audit requirements.
If you wish to leverage on this consider using DLCs,
$MEITUAN-W(03690.HK)$
5x short $Meituan 5xShortSG231214(DARW.SG)$
5x long $Meituan 5xLongSG220808(DMGW.SG)$

Meituan founder and Chief Executive Officer Wang Xing announced in an internal meeting on Wednesday that the company is going to set up a special team to oversee the operation of its retail business, the new business priority for the company.
-The team includes five members, including CEO Wang Xing, Wang Puzhong and Chen Liang. The latter two are senior vice presidents overseeing the company’s home delivery and grocery delivery arms, respectively. The other two members are Guo Wanhui, the head of restaurant produce delivery platform Kuailv, and the head of Meituan app Li Shubin.
-The company has integrated the business of Meituan Youxuan, a community grocery unit and Kuailv to increase efficiency. Chen will lead the integrated team with assistance from Guo.
-With the move, Meituan is taking a leaf out of Amazon’s book, which created a similar D-team in 2008, a critical transitional phase for the e-commerce giant to shift to a digital giant.
-Guo Qing, a member of the company’s senior executive team called S-team and manager of its transportation unit, is going to leave the company to work on his own startup, according to LatePost. Home delivery president Zhang Chuan reportedly will replace Guo.
Meituan and other chinese tech giants have been under growing scrutiny from Chinese regulators recently. However with the focus on new growth opportunies, Meituan continues to be a good investing opportunity for growth.
$MEITUAN-W(03690.HK)$
If you wish to leverage on this, you may consider using DLCs,
5x long $Meituan 5xLongSG220808(DMGW.SG)$
5x Short $Meituan 5xShortSG231214(DARW.SG)$

Hello all ! What do all of you think of $MEITUAN-W(03690.HK)$ !!
I think it is a bullish trend for me ! I can see that price just broke out of a descending trendline resistance and I am expecting price to push up from the pivot in line with the 61.8% Fibonacci projection and push towards the take profit level in line with 127.2% Fibonacci projection and 50% Fibonacci Retracement.
Potential Pivot @ 284.2
Potential Take Profit @ 335.2
Potential Stop Loss @ 261.4
$Meituan 5xLongSG220808(DMGW.SG)$  $Meituan 5xShortSG231214(DARW.SG)$