Meituan at a Critical Intersection: Trendline Meets Breakout

Binni Ong
04-03

Technical Analysis of $MEITUAN-W(03690)$

  • Uptrend in Place: The stock has been in an uptrend since 2024, confirmed by an upward-sloping trendline.

  • Breakout from Downtrend: A previous downsloping channel was broken, leading to a new bullish structure.

  • Support Zone: The price is now around 152-155 HKD, where the uptrend line and prior channel breakout intersect.

  • Potential Volatility: The confluence of trendlines suggests a key decision point for price action.

Using DLCs for Short-Term Trading on Meituan

Bullish Scenario: If the price holds at the support zone (152-155), traders can consider using a long DLC ( $Meituan 5xLongSG251216(OZDW.SI)$ ) to capitalize on potential upside.

Bearish Scenario: If the price breaks below support, traders can use a short DLC ( $Meituan 5xShortSG260513(96KW.SI)$ ) to benefit from downward momentum.

Leverage & Risk: DLCs provide leverage but also increase risk, so short-term traders should monitor key levels and exit if the trend shifts.

Hit the follow button to stay updated! I post valuable trading and investing insights every week—don’t miss out on being the first to know!

For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook 

Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment