Thread by @malteseinvest

Analysis: #NASDAQ $BILI

Case 361 #Bilibili Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#BILI 1/4

Chart 1
Weekly Chart: The #SMA 50 has acted as support since Oct. 2019, this was followed up by a momentum build and a subsequent break above the 2018 #pivot range, then the #parabolic move, closing/holding well .....

BILI 2/4

..... above 2018 #trendline resistance. Price is now targeting synthetic resistances sloping at 52.03, 59.24 and 66.52.

BILI 3/4

Chart 2
Daily Chart: The parabolic move poses a risk, the best #support is seen at 40.46 (Feb. 2020 trendline #resistance turned support) then ideally 37.63 (rising trendline) then #Fib 0.382 and #cluster support circa 33.95.

The #Strategy is printed on the image.

$BILI 4/4