NASDAQ: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.
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MOMO earning announcement is tomorrow BMO. Let's see tomorrow.
1). Q2 revenue misses, EPS beats by $0.01, price down by 6% pre-market. 2). Yesterday’s down and close below $20.02 is a warning. 3). Let’s see if $18.46 can hold.
2). Yesterday’s down and close below $20.02 is a warning.
3). Let’s see if $18.46 can hold.