Chartoholic

CMCM is showing bullish price action

Long
NYSE:CMCM   CHEETAH MOBILE INC
NYSE:CMCM is break out from the multiple bottom consolidation area and is now target 2.38$, 2.54$ and 2.87$. Any pull back towards the break out level at around 2.15$ is buying opportunity. The move is backed up by positive earning for the past two quarters, it is always convenient to long stocks that are bullish technically and fundamentally. I would place my stop at 1.79$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!

Comment: The first target is achieved
Trade closed: stop reached
Comment: Stopped with only 0.01$ and stock ran to 5$

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