BILI touching support level, waiting for rebound
Updated
BILI has been trading within its consolidation area in the past several month, long term direction remains unclear. However, chart is showing BILI is touching its support level again. Each time it touches its support level and there comes a rebound. BILI has been making higher lows so I anticipate we may see a rebound in the next two days. Possibly 10-15% gain. Watch for its resistance and sell around that area to secure your profit.
Short term: 2-3 weeks.
TP: 14.25-14.5
SL: 12.8
Profit: 10-15%
Short term: 2-3 weeks.
TP: 14.25-14.5
SL: 12.8
Profit: 10-15%
Note
Target met, trade closed.
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