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stockjanitor
Sep 16, 2021 9:55 PM

MOMO - Monthly - Value Trap? or Value Buy? 

Hello Group Inc.NASDAQ

Description

1. Price has entered the 2015 level
2. RSI Flattening out
3. MACD is crossing below -0 (personally i think is unreliable)
4. Volume is above average from Sep 2020
5. KDJ is at bottom

6. Financial Reports are positive net income with attractive PE
7. Market comparison with Tinder is just a huge discount,
8. although it is a Chinese company which has political risk, the political risk discount seems included at current price.
9. ~ 4.5% annual dividend for a tech
Comments
Hendrik_T
look at the weekly chart. Three green candles and now a week of correction.
Crypto_Ranger85
check monthly RSI. Breakout from falling wedge
fantasyste
imho can broke 12 soon.
Cibubillionaire
What do you think will it bounce back to 16 ? 20?
stockjanitor
@Cibubillionaire, Although it is at an attractive price, at the moment i would wait for it to change trend, then review the price/volumes. Additionally, may be can start dollar cost averaging a bit.
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