MOMO - Good risk to reward here

CheelooTrader Updated   
NASDAQ:MOMO   Hello Group Inc.
  • oversold, and just above ATL --
  • just below daily VWMA
  • stop loss just below recent low ~ 8.10 should make this low risk trade and worth consideration IMO.
  • Trend is clearly down, and Chinese names always come with a unknown risk.
Trade closed: stop reached


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