CFD Trading – Buy Meituan-W (3690.HKE) at $277.40. Stop at $258.10 and Target at $310.80

MEITUAN-W   Stock Code 3690.HKE


Price broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. There was a bullish Conversion and Base lines crossover that hints at potential upside ahead. The MACD is bullish and is moving higher. We are likely to see price continuing its upward momentum to move higher to HK$310.47.


$277.40              Buy

$310.80              Price Target

$258.10              Risk Management Stop

2 weeks             Trade Duration

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