In today’s briefing:
- Meituan Tactical Slide into Our Buy Zone
Meituan Tactical Slide into Our Buy Zone
- Macro trend remains challenging for Meituan over the summer. We see a tactical short out of triangulation and view a new low as a turn and buy signal.
- RSI bull divergence support a series of tactical rally sequences off of a new low, but macro headwinds will cap over the summer.
- Bull set up at lower expanding wedge support with wedge resistance coming in near 140.
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