MOMO
MOMO's earning announcement is tomorrow AMC. Technical analysis indicates the consolidation is almost over and it is waiting for direction breakout.
It looks like the earning may be a pleasant surprise , and the rationale is:
1). Price has been holding above EMA(60) for the last 3 weeks since 2020-08-05;
2). Price has been holding above 2020-07-17 pivot high of $20.02 for the last 3 weeks;
3). Uptrend line since July 17 is holding firm;
4). Volume after July 17 is gradually decreasing.
Let's wait and see a breakout Friday morning.
Comment:
MOMO earning announcement is tomorrow BMO. Let's see tomorrow.