Renren was founded by Joseph Chen in 2005. Chen, a graduate of the University of Delaware, Stanford Business School and MIT, remains the chairman and CEO. In March 2008, Xiaonei launched its WAP version, which users can access through mobile phones. Xiaonei features an instant messaging service designed typically for its users using XMPP, which is more popular than Facebook chat.
Well technically speaking i find this stock in Basing mode for 3 years since it's IPO as shown in small cup embedded inside a big cup.
For all of you looking for long term investment out there, this could be a 50 dollar material ~4.51 being the immediate resistance while ~3.22 will be the support area
For the moment, i reckon only a handful of funds are interested in this no-so glamour stocks.
looking for a signal to long
Comments
IvanLabrie
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Interesting, looks like great accumulation.
A buy at 3.31 would be nice, aiming for 5.35 initially, risking a fall to 2.95.
jangseohee
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jangseohee
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long at 3
IvanLabrie
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Did you get a fill here?
Looks like a wave 2 low...
A buy at 3.31 would be nice, aiming for 5.35 initially, risking a fall to 2.95.