YY INC Stock NASDAQ -H1 Bearish Continue Rectangle Formation and Short Setup
Description: FXAndalanBangsa found a Bearish Continue Rectangle formation on H1 Chart Timeframe.
Trade Period: Intraday Trading
Instrument: YY INC Stock NASDAQ
Time Frame: H1
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bearish
Trade Based On: The Bearish...
A divergence of trend between RSI and price is forming on 1day chart. This is a bullish pattern. In the meantime, another bullish pattern appears on the 1hour chart, with price low becoming higher and RSI low keeping going down.
Currently, there's no buy signal yet.
Chinese cellphone platforms:
Y Inc. (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company's segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and...
YY dropped a lot after its ER, which actually beat analyst's estimate but still got sold off horribly.
Like the FB trade last time, it's heading to 0.618 after this earning gap.
This 0.618 also has an AB=CD combination, while there is also a potential bullish bat at 44 spot.
So I'll be looking for some reversal sign right here to see if there are buying...
YY had an outstanding 2618 short off 121.8 previously, here it's forming a new bullish pattern.
China stocks bounced a little bit today, if it can give a intraday set-up to long, it's still a worth taking trade!
Let's see how it goes!
YY is a Chinese company with a popular streaming platform. Below is the summary of their latest earnings report:
YY reported revenue of $518 million, beating analyst estimates for $487.8 million and up 43% in local currency. It reported adjusted earnings of $1.72 per share, beating Wall Street's view of $1.52
With social platforms, it is...
YY is a Chinese video social media platform, most prominently featuring video streaming. It has a massive user base (although many outside of China have never heard of it) with over 300M users and is rapidly growing.
After the most recent earnings report, price of the stock went from $140 to as low as $115 - and as far as I can tell, there was no "fatal" bad...
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