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Thenemer
Sep 30, 2021 7:31 PM

YALA, A growth stock near IPO level Long

Yalla Group LimitedNYSE

Description

A middle eastern media company that’s gaining fame and adaptation among users in Asia and Africa
YOY revenue are always up, recent stock buy back, RSI oversold for almost 10 Days now, 4Hr, and daily MACD are about to cross and start a bullish trend
I see it trading well over 40 in the coming months if they continue to deliver good earnings

Comment

A bullish weekly hammer at todays close will add more confidence in my long position, first level to watch is $8 , then $10.50, and $13
Comments
ali85999
company is a scam. numbers are out of china and not audited by American accounting firms. this will be delisted one day, look up thi company or better yet... just download their app, it will all be clear
Thenemer
Yala : continue to accumulate below 7
I believe that bottom is in and that we will see a consistent move up until earnings report on Nov, if they post good numbers and growth that aligns with their expectations, then we will witness more volume and interest from institutional investors, it has alot of room to grow and could 10-15x in value if you’re patient enough
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