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