Technical Pulse: Bilibili Inc. April 27, 2021 158


BiliBili Inc (US: BILI) technical analysis signals short-term upside after the share price broke above the immediate downtrend line:   


  1. The potential inverted head and shoulder pattern signals further upside upon prices breaking key resistance level of US$119.00.
  2. The strong bullish candle in the immediate resistance zone signals strong demand and high probability of a breakthrough. In addition, the resistance zone has been weakened after multiple tests.
  3. The Ichimoku displays 2 out of 3 signals of the “Three Golden Cross”. The Tenkan-Sen crossed above the Kijun-Sen, and the Chikou-Span broke above the current price level. Furthermore, the current share price is inching towards the Kumo, and strong momentum indicates a likely to break above.


*Expected timeline of the trade is 10 weeks from the date of report issuance.






Ichimoku Kinko Hyo

Red dotted line = 9 Periods Tenkan-Sen

Blue dotted line = 26 periods Kijun-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line

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About the author

Profile photo of Chua Wei Ren

Chua Wei Ren
Technical Analyst
Phillip Securities Research Pte Ltd

Wei Ren specialises in Technical Analysis and has 11 years of experience in studying classic technical price action. He also study and research extensively on Elliott wave theory, Dow Theory. He believes that history plays an important role in how the market is reflected in the future.

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