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港股窩輪Jenny
commented on a stock · Apr 24 11:22

The next support level for Meituan is 79.82 yuan, and the trend can only gradually recover if it breaks through 84.2 yuan.

Meituan-W's stock price today is 81.95 yuan. After rebounding from a low of 73.6 yuan, it once rose to near 89 yuan, but has recently fallen again, with short-term upward momentum clearly slowing. Technically, the stock price has broken below the 5-day, 10-day, 20-day, and 60-day moving averages, indicating weakness in the short term. Current support levels are at 79.818 yuan and lower, while resistance levels are at 84.200 yuan and 85.355 yuan. The Relative Strength Index (RSI) stands at 37.985, reflecting insufficient momentum and weak buying interest; the middle line of the Bollinger Bands is at 85.355 yuan, and the current price is below this, showing that selling pressure above has not fully subsided, maintaining a weak consolidation pattern following a rebound.
From market commentary, investor sentiment has noticeably turned bearish, with many opinions focusing on questions like 'It’s falling again,' 'When will it stop falling,' and 'Will it test the 70-yuan or even 60-yuan range?' This indicates a lack of confidence in the market outlook, with widespread hesitation. Some investors have begun discussing whether they should place orders to accumulate shares or anticipate a false breakdown followed by a sharp rebound, showing that the market is not uniformly bearish but divided around the lower levels. Overall, the main concerns for most investors now are whether the price can hold around 82 yuan, when a meaningful rebound might occur, and if Meituan’s current price is already attractive.
In terms of short-term trading, 82.350 yuan is an important threshold, which has been slightly breached today. If it cannot be quickly reclaimed in the short term, the downward trend may intensify, with the next support level at 79.818 yuan. Conversely, if the stock price can stabilize above 82.350 yuan and break through 84.200 yuan, there is potential for gradual recovery towards 85.355 yuan. At this stage, the reward-to-risk ratio remains neutral to low, not yet an ideal time for clear strengthening, and the stock is more likely to remain consolidating at lower levels, awaiting clearer directional signals.
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$BIMTUAN@EC2608B.C (25814.HK)$$HSMTUAN@EC2608B.C (26109.HK)$$UBMTUAN@EP2612A.P (23001.HK)$$BIMTUAN@EP2612A.P (15409.HK)$
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$UB#MTUANRC2701A.C (60462.HK)$$JP#MTUANRC2609G.C (63797.HK)$$UB#MTUANRP2812M.P (57308.HK)$$JP#MTUANRP2809B.P (57768.HK)$
Meituan-W's stock price today is 81.95 yuan. After rebounding from a low of 73.6 yuan, it once rose to near 89 yuan, but has recently fallen again, with short-term upward momentum clearly slowing. Technically, the stock price has broken below the 5-day, 10-day, 20-day, and 60-day moving averages, indicating weakness in the short term. Current support levels are at 79.818 yuan and lower, while resistance levels are at 84.200 yuan and 85.355 yuan. The Relative Strength Index (RSI) stands at 37.985, reflecting insufficient momentum and weak buying interest; the middle line of the Bollinger Bands is at 85.355 yuan, and the current price is below this, showing that selling pressure above has not fully subsided, maintaining a weak consolidation pattern following a rebound. From market commentary, investor sentiment has noticeably turned bearish, with many opinions focusing on questions like 'It’s falling again,' 'When will it stop falling,' and 'Will it test the 70-yuan or even 60-yuan range?' This indicates a lack of confidence in the market outlook, with widespread hesitation. Some investors have begun discussing whether they should place orders to accumulate shares or anticipate a false breakdown followed by a sharp rebound, showing that the market is not uniformly bearish but divided around the lower levels. Overall, the main concerns for most investors now are whether the price can hold around 82 yuan, when a meaningful rebound might occur, and if Meituan’s current price is already attractive. For short-term trading, 82.350 yuan is a crucial threshold, which has slightly been breached today. If it cannot quickly recover in the short term...
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Warm Reminder: This article does not constitute any investment advice. It is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive evaluation of asset performance should be made using other data, and trading decisions should not be based solely on this article. Please note that past performance is not indicative of future results. Follow HK Stocks Warrants Jenny for more professional insights.
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