Technical Pulse: Bilibili Inc February 16, 2021 182

Bilibili INC (US: BILI) strong upside is set to continue after the technical indicate strong resounding bullish signal:


  1. The overall upside structure is strong as prices have been well supported by the primary and secondary uptrend line.
  2. Zooming in, the bullish engulfing candle last Wednesday has thrust above the resistance-turned-support level at US$139.64. Despite a bearish tweezer top, the piercing candle rebounded above the support at US$139.64. This indicates bullish upside ahead.
  3. All of the Ichimoku signals are showing strong bullish upside, where the bullish engulfing candle closes above the Tenkan-Sen.


*Timeline of the trade is 3 weeks from the date issued.




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 9 years of experience in studying classic technical price action. He also study and research extensively on Elliott wave theory, Dow Theory and Supply & Demand strategies as he believes that history plays an important role in how the market is reflected in the future.

He graduated with a Bachelor of Economics and Finance from University of Murdoch.

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