$TME - TRADE ME GROUP - Bolly squeeze opening up

$TME - TRADE ME GROUP - Bolly squeeze opening up

For those who like Bollinger Band squeezes this one is looking interesting. Billion dollar market cap with pretty good financials. If you look at the bands on smaller time scales you can see it looks like its opening up to the upside.

Credit Suisse became a significant shareholder at the start of Feb and Trade Me Group Limited advises that it expects to release its results for the half year ended 31 December 2018, on Wednesday 27 February 2019.

Might be worth a watch.

Trade Me Group Limited provides online marketplaces that connect people to undertake a transaction or form a relationship. The Company's businesses include providing a new and used goods marketplace, classified advertising for motor vehicles, real estate and employment, online advertising services and other ancillary online businesses. Its segments include General Items, Classifieds and Other. The General Items segment is its online marketplace business. The Classifieds segment represents advertising revenue from each of its three classified advertising sites: Motors, Property and Jobs. Its revenue is generated from basic and premium listing fees. The Other segment reflects all other businesses, including advertising, travel, dating, life and health insurance comparison and general insurance.

Comment:

Actually looks like it might be part of a takeover offer so perhaps hold off for now.