BILI trade ideas
BILI Long IdeaBILI continued the bullish or bearish pattern for the next couple of days after the earnings report . Arrows marked in purple.
With Symmetrical triangle in the larger time frame and bump and reversal in the lower looks good for a bullish out look.
The continued bullish pattern can possible breakout of the symmetrical triangle and test the highs established at 16.83
BILI Making Bull Run and OversoldBILI has been trading over its 100 day moving average since the end of December.
Looking at RSI (2 period, 90% and 10% as upper/lower bands) BILI closed today below the lower band around 7.83%
On 2/7, RSI tapped the lower band followed by a nice run up before pulling back again on 2/15.
Long 80 BILI @ $18.60
Granted this was pretty far from the lows for the day, BILI should continue its run.
Plan to exit somewhere around $19.50 or so in the next trading week, give or take. If I see a jump sooner than later, ill take it.
Cheers!
BILI touching support level, waiting for reboundBILI 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%
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This has nothing to do with stocks, I just copypasted it from wikipedia