Nice downtrend on WB Nice pullback, price fails to made a new hight. Possible 70$ support zone retest soon!
$WB Weekly chart. Swing trade idea, short term bull run possible.
30 min candles show $WB is climbing out of a falling wedge, RSI forms an ascending triangle, RSI lows climbing out of oversold zone. Just got a long position - getting out when it breaks to the downside or scaling out on any big pump to the upside.
I believe that within 3 months, WB has a better chance to continue the uptrend than to have a complete reversal. I believe the 98-105 support level will hold, and thus have initiated a long position at 103.5 with a stop loss at 95. My target profit area is the 130-140 zone. The risk is 8.5 dollars down for a reward of about 35, which is a 4 to 1 risk to...
There has been crazy sector rotation these couple of days. Most of the tech stocks and Chinese ADRs encountered a sold-off. It's the time to choose direction and it did give an inside day for us to take our judgment. If it's able to break to the upside, that means the 0.618 is playing as a support and it's time to long; If it's able to break to the downside, that...
Looking at the Fib extension of 23.6 around the 112 area for a good 3 pt risk, 10-11pt reward trade. The nasdaq still looks bullish as FAANG, with the exception of Netflix, all high volume spike gapped up from earnings reports and have not retraced much of their moves at all. These in the past cause investors to take profits and sell too early. The market is...
WB is definitely one of the most explosive stock this 2 years, rallied from 9.00 to more than 100.00 , and there are still people like me willing to chase it lol. For stocks like WB, fundamental analysis is not really very helpful as the stock price contains too many expectation and the P/E ratio is just crazy. While it doesn't mean chasing the price above...
Possible IH&S PO: high 20's, low 30's
NASDAQ:WB Weibo (WB), considered the Twitter (TWTR) of China, is in the process of forming a first stage cup with handle base. Volume has been well above average up the right side of the cup, and is drying up as the handle forms. Weibo has been posting impressive sales and earnings growth. Sales have grown over 40% in the past two years, and earnings have...