When we had previously tracked 
MOMO, price had broken its down-channel open on a bullish break after acquiring "Chinese Tinder". Full extension price targets were provided (link to related idea below).
Resurfacing on premarket earnings, the chart has since established an up-channel option, respecting each price extension on its way up.
Technicals:
1. Trading at 36.16 in premarket, up 6.54%
2. Price came off from its diagonal resistance and re-tested the 50 MA, and is currently sitting at its second price extension per below link
3. MACD has pinched and is turned up
4. Levels of resistance to watch: 38.75-39.10 range, which coincides to the final price extension currently presented
Fundamentals:
Earnings Call: https://finance.yahoo.com/news/momo-inc-sponsored-adr-class-110000976.html?.tsrc=rss
MOMO, price had broken its down-channel open on a bullish break after acquiring "Chinese Tinder". Full extension price targets were provided (link to related idea below).Resurfacing on premarket earnings, the chart has since established an up-channel option, respecting each price extension on its way up.
Technicals:
1. Trading at 36.16 in premarket, up 6.54%
2. Price came off from its diagonal resistance and re-tested the 50 MA, and is currently sitting at its second price extension per below link
3. MACD has pinched and is turned up
4. Levels of resistance to watch: 38.75-39.10 range, which coincides to the final price extension currently presented
Fundamentals:
Earnings Call: https://finance.yahoo.com/news/momo-inc-sponsored-adr-class-110000976.html?.tsrc=rss
Note
For the complete technical analysis on this swing trading set-up, click here: compoundtrading.com/swing-trading-periodical-contact
Founder: EPIC Agentic AI | World's Best Autonomous Trading Software
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Trading CL_F, NQ_F, BTC, ETH, SOL, TAO, SUI, XRP, Stock Basket
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Founder: EPIC Agentic AI | World's Best Autonomous Trading Software
dashboard.epicaitrader.com | epicaihub.io
Trading CL_F, NQ_F, BTC, ETH, SOL, TAO, SUI, XRP, Stock Basket
dashboard.epicaitrader.com | epicaihub.io
Trading CL_F, NQ_F, BTC, ETH, SOL, TAO, SUI, XRP, Stock Basket
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.