Inverted CUP & HANDLE
One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend. Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade...
MOMO has broken free from a down trend line with a huge 14% move this week
A pullback to retest support can be expected.
We should start seeing higher highs and lower lows in 2021
Can be rewarding to find one on the bottom and realize it is possibly undervalued..
Large effective volume and a pocket pivot today
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution.
This tech Chines stock seems like is coming back to life. The stock broke from down trend resistance line with large volume. I think it is a valid break to the upside.
Possible move:85%
Reward/Risk:9 (R/R>3 is Ideal)
Time frame: up to 1 year
This is just my technical view, not a fundamental comment..!
I can make you confused by a crowded messy chart, but I would rather simple effective presentations..!
Please write a comment if you like me to post live videos of stock analysis in 2021..!
Monthly Demand Zone
Touched, not confirmed
Entry 14
Stop 12
Target 24
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
This is coming directly from Gandalf, honestly. How come a 2.5bil market cap company make about 3 bil a year in earnings? They are restructuring revenue streams and while the revenue has spiked enormously in the past years while earnings are kept about at the same rate, this should change in the future. It is heavily underpriced and perhaps the Chine delisting FUD...
Momo is the largest social network and one of the leading mobile and entertainment platforms in China.
A good company with good performance. Pretty strong underestimated.
Dear Friends,
MOMO is A Stable stock with high fundamentals
P / E 7.46 Relative low to other stocks
SHORT RATIO was high a week ago but dropped to 5% due to a buying trend
Horizontal line with support from the past
The chance of a price drop is relatively low compared to past results
Purchase over $ 15 when there is an upward trend in a rising green candle
Sell...
NASDAQ:MOMO
MOMO's earning announcement is tomorrow AMC. Technical analysis indicates the consolidation is almost over and it is waiting for direction breakout.
It looks like the earning may be a pleasant surprise , and the rationale is:
1). Price has been holding above EMA(60) for the last 3 weeks since 2020-08-05;
2). Price has been holding above 2020-07-17...
