Meituan's 84 yuan mark has become a short-term watershed; it’s important to remain cautious of a one-day rally until this level is decisively broken.

Meituan is currently trading at around 84.5 yuan, and its short-term trend has transitioned from a rebound off the lows into a tug-of-war phase near the resistance zone. The key judgment at this juncture isn’t just about how much the stock price has risen, but whether the upward momentum can be sustained. A rebound alone only proves there is support at the lows, but whether this rebound can evolve into a sustainable trend hinges on whether Meituan can effectively break through and stabilize above the 84.40 level.

From a technical perspective, the first support level for Meituan is at 82.11 yuan. This is the position that needs to hold after a short-term rebound. If the stock price pulls back but remains above 82.11, it indicates that investors are still willing to buy at higher levels, and the rebound structure remains intact. However, if it breaks below 82.11, it suggests insufficient upward momentum in the short term, and the stock may retreat to consolidate around 80 yuan. On the upside, resistance is concentrated between 84.40 and 90 yuan. The 84.40 level represents the current short-term inflection point, while 90 yuan is a more prominent psychological and structural pressure level. In other words, Meituan isn't lacking upward momentum—it’s now at a stage where it needs to prove itself.

In terms of technical indicators, the RSI is in a moderately high range, reflecting that the stock price has gained some rebound momentum but hasn’t reached extreme overheating levels. This state indicates there’s still room for upward movement in the market. However, if the price fails to break through resistance for an extended period, momentum will gradually wane, and the initial bullish sentiment could turn into short-term profit-taking. This is precisely what needs the most attention with Meituan at this stage: sentiment has warmed up, but the price hasn’t officially broken out yet.

Among investor comments, there is a clear predominance of bullish voices, mostly driven by short-term sentiment. Phrases like 'Keep it up,' 'Big surge coming,' and 'It’ll rise again tomorrow' reflect that some capital in the market has started expecting Meituan to extend its upward trend. Such sentiment typically arises after a stock rebounds, as improving prices naturally lead investors to imagine the rebound as the start of a new upward wave.

The problem, however, is that these bullish comments generally lack clear conditions and are mostly hopeful judgments rather than based on technical confirmation. This indicates that while market sentiment has improved, a true trading consensus has yet to form. When the stock price approaches the resistance level, if bullish sentiment heats up too quickly and the price fails to break through, it could easily lead to short-term profit-taking.

Bearish comments, on the other hand, focus on another direction: concerns about a late-session pullback or the belief that selling pressure remains. Although these comments are not numerous, they reflect that the market does not fully believe Meituan has turned strong. Especially when the stock price rises near the resistance area, bears tend to reappear because this is the easiest position to test buying support.

Observational comments better illustrate the current real state. Some ask about everyone's cost positions, some say resistance is too strong, some feel the stock price is "stuck," and others worry it’s just a "one-day wonder." These sentiments aren't purely bearish but rather skeptical of the upward trend. In other words, the market isn’t unwilling to be bullish on Meituan, but needs the stock price to prove via a breakout that the rebound isn’t temporary.

Questions like "Why is Meituan rising while Alibaba falls?" also reflect how capital rotation is affecting market judgment. When stocks in the same sector show divergent performances, investors easily view short-term inflows as individual positive factors, but this also means the rise may not stem from an industry-wide revaluation but possibly just short-term capital shifts. Without follow-up trading volume and a breakout, the sustainability of such a rally must be discounted.

Therefore, the real key for Meituan now is whether 84.40 can turn from resistance into support. If the stock price breaks through 84.40 and stabilizes, short-term bulls will regain control, paving the way to challenge levels near 90. At that point, bullish sentiment will shift from "hope" to "confirmation," making it easier for momentum-chasing funds to enter. Conversely, if the stock price repeatedly faces resistance around 84.40 and falls below 82.11, it would indicate insufficient strength in this rebound, with the market likely reverting to high-level fluctuations or even a pullback for consolidation.

In terms of short-term risk-reward, Meituan is currently neutral to cautiously optimistic. The reason isn't weak stock performance, but an awkward position. A low-level rebound has occurred, but the breakout is incomplete; chasing the price near current levels risks facing profit-taking at the resistance level. Waiting for breakout confirmation might mean missing out on part of the initial gains. Therefore, a reasonable strategy at this stage is to use 84.40 as the dividing line—only consider continuation if it breaks and stabilizes above, and lower short-term expectations if it falls below 82.11.

In summary, Meituan isn’t without opportunities, but these opportunities require confirmation through a breakout. Investor sentiment has started to chase the rise, but prices are still pausing before resistance; only if 84.40 becomes support does Meituan stand a chance to transition from a rebound play to a short-term strong performer.

Replying to investor views in the market:

@勞力士不是夢The short-term rebound has shown improvement, but the uptrend won’t truly continue until it breaks through and stabilizes above 84.40.

@趋势最重要If the breakout at 84.40 is confirmed, Meituan may see an acceleration; until then, it remains in a tug-of-war within the resistance zone.

@美股牛马马马If resistance at 84.40 holds and falls below 82.11, the risk of a short-term or intraday pullback will increase.

@趋势最重要Resistance is indeed significant; before surpassing 84.40, it should not be considered as already entering a strong upward trend.

Meituan Short-Term Investment Strategy: Short-term rebound expected, but medium to long-term remains weak; suitable for short trades on rebounds from lower levels and Put speculation, avoid chasing breakouts aggressively.

Strategy One: Rebound from a low position (Call)

25672｜120.10｜5.9x leverage｜Suitable for use during short-term rebound recovery, moderate elasticity

25674｜118.10｜6.2x leverage｜More suitable for use after stabilization and rebound continuation

24993｜114.90｜9.9x leverage｜Higher leverage, suitable for use when rebound momentum strengthens

$UBMTUAN@EC2611B.C (25672.HK)$$UBMTUAN@EC2610A.C (25674.HK)$$UBMTUAN@EC2607A.C (24993.HK)$

Strategy Two: High Leverage Short-Term Trading (Put)

21519｜82.83｜6.4x leverage｜Close to current price downside, suitable for short trades when weakening in the short term

21291｜82.83｜6.7x leverage｜Higher leverage, suitable for use after breaking through short-term support

20793｜82.88｜6.7x leverage｜High-elasticity Put, suitable for short trades during continued downtrend

$UBMTUAN@EP2607A.P (21519.HK)$$HSMTUAN@EP2607A.P (21291.HK)$$CIMTUAN@EP2607A.P (20793.HK)$

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, views, 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; asset performance should be comprehensively evaluated with other data. Trading decisions should not be made solely based on this article. Please note that past performance is not indicative of future results. Follow Jenny's HK Stock Warrants for more professional insights.

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