In today’s briefing:
- Meituan Bear Pressure Accelerating
Meituan Bear Pressure Accelerating
- June 27 call to sell strength in line and showing increasing downside pressure below the 185 support (now resistance).
- Dual top at 210 induced a turn well under trendline resistance. Break of bear wedge support confirmed the macro sell signal.
- Below 166 targets 140 where a stall in the decline/bounce is due (resistance near 160-66) but expected to give way for a test on the 110 low zone.
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