Technical Pulse: Bilibili Inc February 16, 2021 968

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.

 

CHART LEGENDS

 

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

 

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!