Amazingpowerpatternguy

Quick Question: Are we closer to support or resistance?

NASDAQ:YY   YY INC - AMERICAN DEPOSITARY SHARES
8-15 You tell me, are we closer to support or resistance here.
Next question, for support buyers where is support. I ask because its all you need to know.

Kinda reminds me of the NASDAQ 100 index             here as well as TSLA            
The stock did not get under the 86.50 level, despite selling pressure for much of today. In fact, it rebounded to close slightly in the green.

If the overall markets pull back further, I'd expect this one to do the same as well. A decisive close above the 90 level with further continuation would confirm a break above all time highs.

These kinds of plays are hard to put a finger on though, and I don't blame you for asking the question. Could really go either way here.
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Amazing chart!
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