Meituan is hovering near its low, and it's hard to say it will strengthen before recovering above 85.120.

Comments on Meituan lean towards weakness, with investors mainly discussing three topics: whether there will be a rebound, whether there will be a breakdown, and whether to exit or buy. Although some voices believe that negative factors are exhausted and a short-term rebound may occur—potentially seeing it as a buying opportunity—more comments reflect a lack of confidence in the trend, believing the direction is downward without much upside, and some even consider shorting.

Market sentiment is subdued, with stronger short-term anxiety. The long side primarily bets on technical rebounds near the lows, while the short side believes Meituan has not yet shaken off its weakness, with insufficient rebound momentum, likely continuing to grind at lower levels. The overall sentiment is not complete panic but rather skepticism about any potential rebound.

Common questions focus on three aspects: First, whether the current price is suitable for buying; second, whether to stay or leave if there's a rebound; third, whether there will be a breakdown tomorrow or a dip followed by a rise. This reflects the market waiting for a clear direction, but no breakout signal has emerged yet.

Reply to investor comments in the market:

@The Little Leek That Won't Be Cut@不被割的小韭菜: The trend remains weak, but as long as it doesn't break below 80.409, there is still room for a technical rebound.

@FlowersBloomAndWealth@花開富貴: If you want to buy, you can wait until after 80.409 stabilizes; it's not advisable to rush at this moment.

@Messi's@美斯的: Short sellers should be mindful of the support near 80.409; if it doesn't break below that, short positions could easily face a rebound.

@Angry Hairy Crab@愤怒的大闸蟹: Capital inflow without a rise in stock price indicates heavy selling pressure above; we need to wait for a confirmed breakout above 85.120.

Technically, Meituan's current price is 80.7, below the 5-day line at 83.620, the 10-day line at 84.990, the 20-day line at 85.120, and the 30-day line at 83.302, indicating short-term weakness. Although the current price is still above the lower Bollinger Band at 80.409, providing conditions for a technical rebound, unless it can re-cross 84.990 to 85.120, any rebound would just be a minor correction rather than confirmation of strength. The Relative Strength Index (RSI) is at 32.823, showing weak momentum but approaching oversold levels, meaning downside may not accelerate immediately, but buying support needs further observation. A breakdown below 80.409 would require attention to a retest of support at 79.422 or even 73.600. Key points for Meituan-W (03690) strategy: 80.409 is short-term support, hold steady for a rebound, breaking through 84.990 to 85.120 confirms strength, while a breakdown suggests testing lower levels such as 79.422 or even lower ranges.

Strategy One | Rebound Deployment After Holding Steady at 80.409: 28065 | Strike Price 87.04 | Actual Leverage 5.1x | Close to current price level, most sensitive to rebounds, suitable for short-term intraday rebound trading. 26527 | Strike Price 93.05 | Actual Leverage 5.3x | Mid-distance out-of-the-money, suitable for holding steady and expecting continued rebound, less prone to volatility. 26464 | Strike Price 90.05 | Actual Leverage 6.4x | High leverage setup, ideal for amplifying returns in early rebound stages.

Reminder: This article does not constitute any investment advice.

This article 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 assessment of asset performance should combine other data and should not solely rely on this article to make trading decisions. Please note that past performance is not indicative of future results. Follow Jenny's insights on Hong Kong stock warrants for more professional analysis.

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