Price target for MPNGF Meituan is $27.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Meituan is forming a nice descending triangle pattern and is currently waiting for breakout from the descending triangle ! if price could closes belowe the horizontal support line where it has tested 3 times before, we might see a further drop towards the downside !
