BILI has had a very rough last couple of months, and has finally reached a point where long trade makes sense base on RISK/REWARD potential from current support.
It is currently at MA100*0.236 support line, as well as 0.943 Fib Support level (based on log scale).
Also Drawdown of 93% seems like an overdue to find some sort of local bottom, unless you anticipate the stock to go down to 0.
Being "Youtube of China", I think it's quiet an unlikely event to take place within next couple of months.
I will be deciding on TAKE PROFIT points, based on SPX chart.
As of right now, SPX is likely to experience a decent support, and in short/mid term is very likely to see some upside.
Once its mini rally will be coming to end, I will then look for exit points.
It is currently at MA100*0.236 support line, as well as 0.943 Fib Support level (based on log scale).
Also Drawdown of 93% seems like an overdue to find some sort of local bottom, unless you anticipate the stock to go down to 0.
Being "Youtube of China", I think it's quiet an unlikely event to take place within next couple of months.
I will be deciding on TAKE PROFIT points, based on SPX chart.
As of right now, SPX is likely to experience a decent support, and in short/mid term is very likely to see some upside.
Once its mini rally will be coming to end, I will then look for exit points.