Hi guys I get a lot of questions on what a 2-618 trade to find bottoms & tops, (longs & shorts) fairly simple set up & works in all time frames, typically higher times frame= more confluence, often more risk as well. Find supply/structure (LOOK LEFT!) typically they will be too far from moving averages and will be pulled back (gravitation) to 10 or 20 day. ...
$bili gets upgraded to 156. First green day set up with nice potential acceleration to the upper bounds of the post-pennant expansion. Monthly contracts though. 150c selection.
BILI - It is in super up trend. The 5th of 3rd of 5th wave is in progress. It is subdividing in smaller impulse cycle. Stay bullish as far as price stays above 133.94 level for 5th subwave up in 15 min time frame.
Give thumbs up if you really like the trade idea/analysis.
BILI on the daily is showing bearishness, if the chart is flipped to the weekly it has a huge bearish engulfing over last weeks candlestick. I'm suspecting this to continue to run down to 95/share.
Even though Bili sky rocketed, it looks good till for next breakout. I will be selling this stock when it start to form a distribution pattern.
Not a stock buy and sell strategy, only for technical educational purpose.
The stocks run has been incredible after the range breakout. I don't have a fundamentally bearish view of the company but a pause seems imminent especially if the rate of change has peaked.
I won't short BILI, I'm not sure where the top is, maybe 200$ / 300$, that's crazy.
Long stop-loss price: 106.67 / 94.91
BILI is a interesting stock, but I won't touch BILI stock above 120$.
Low liquidity of BILI options, and low leverage for margin trading.
I have no idea why my money forced buying a stock like BILI.
BILI is too young to forecast its stock...
