Looking at $WUBA's last earnings (beat $0.12) and revenue (beat $22.26M / +36.4%) on 5/24 - I see that it is currently trading below the 2x standard deviation band on the linear regression line. I'm going to monitor for entry in the next couple of days and scan for news related to this company. Looking to swing trade some Calls as it re-enters the linreg bands.
Trade active:
Looking for an entry at this time. Will place limit-order Call buys for $WUBA today and see if we get a bounce off of the ~$78-79 region (previous support).
Trade active:
IF I manage to purchase some conservatively priced calls today, I'll sell of at my PT of ~$83.50 or so -- I believe that the tariff situation with the US and China might put this stock off for a while.
Order cancelled:
I was not able to purchase calls at the low prices I placed for orders. That's o.k. -- it looks like it has some room before the bounce. I'm going to continue monitoring $WUBA. The latest Trump comments / tariff garbage with China likely put any green moves off for this one for at least a few days.