Meituan Placement - Might Not Do a Tencent but Low-End Looks Enticing

Meituan: Why Robotic Technology Is a Sensible Move

ECM Weekly (25th April 2021) - Meituan, China Gas, Futu, Zai Lab, Anta, We Doctor, Brii Biosci

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> shows a number of very bullish chart points that form a bullish rally platform off of 280 solid support with fuel stemming from bull divergence (sellers squeezed out).Very strong price support at 280 and then 250. Bull wedge has formed and nearing a breakout inflection that will set in motion a resumption of the macro bull cycle.Bull divergence will provide rally fuel as sell pressure and momentum tapers off.Macro bull projection at 560 with a key tactical target at 390.

Meituan (3690 HK) shows a number of very bullish chart points that form a bullish rally platform off of 280 solid support with fuel stemming from bull divergence (sellers squeezed out).Very strong price support at 280 and then 250. Bull wedge has formed and nearing a breakout inflection that will set in motion a resumption of the macro bull cycle.Bull divergence will provide rally fuel as sell pressure and momentum tapers off.Macro bull projection at 560 with a key tactical target at 390.

Meituan

Meituan Bullish Platform to Resume Rise