Looking to go long if it pulls back a tad. I like a August 2020 put sale. I do not mind owning shares of YY.
Entry level to be confirmed but the stock is bullish given the move in Chinese stocks and ETF inflows last week. We also have a bullish crossing of the moving averages signalling a move higher.
This company is the "twitch" of China and has some decent fundamental footing. With the dollar weakening and China easing this one could play catchup to the rest of the Chinese tech sector. It certainly is at long-term lows, maybe worth watching if today's strength begins to see follow through.
I have heard some bullish fundamental analysis on YY, but am uncertain about the macro picture in China. If they successfully pull off a stimulus, this could be a stock that runs. If YY can recover the 50ma quickly that will be a very bullish sign.
Long term downtrend under attack today, lets see if earnings can surprise and lead to what could be a explosive move higher. P/E ratio 6.73 Company profile YY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online...
Bullish Long Term Cycle starting again with time/price prediction of new high gl.
Wave 5 is shaping up like wave 3. I am in shares at $70. Lets flex those holding through trades muscles on this trade. Oh and by the way, the quarter/quarter sales increase every quarter. :)
YY hit weekly support, Sales Q/Q is 28% and day chart looks like its beginning wave 3.
Any gap above this line and I'm playing to the 200MA. earnings coming so it reaches I'm out.
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: ...
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.