Chrlstlan

Interesting view on MOMO

NASDAQ:MOMO   Hello Group Inc
I picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16.
And what a surprise, there are similarities about the price action.

1. IPO prices sinks
2. Rises back
…and so on

Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users to chat with nearby friends and strangers. You could compare them with the dating platform Tinder ( Match Group inc .) the only bigger difference would be that they are not really profitable.

I still believe that Chinese stocks are very risky. But if this goes as it is indicating us, it is a worth a shot.