Xafada

Will Earning Support May's Price Recovery?

Long
NASDAQ:YNDX   Yandex N.V.
3
The company will release earning this week, and there is higher chance that they will report strong numbers. I am bullish any further drop will be an opportunity to build long term investment. By looking their price to earnings, price to sales, price to book, return on assets and return on investments over trailing twelve months, I feel confidence that upside momentum will resume soon. This stock went the same route downward drift as $BIDU did and I recommended to load at and around $80 area we know now where that stock stands and how every analyst upgrading to 250 area. I am still bullish $BIDU though price seems now overbought levels. We had a few good trades last few weeks and will have more. Check notes both anchor spots and the rest. If you like this follow us and more to come.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.