I will wait for a nice pullback perhaps end week before going long ......
Last year Yeahka had a great rally when Chinese SaaS stocks received attention from ARKK buys. This has come all the way down, now it is undervalued. Cathie is still holding. A big guy from Tencent running the show. Tencent owns a partial stake. Great company. Square of china. Huge TAM. Yes, there is competition. However, market is big enough to go to...
see chart and read latest news here
Read latest news here Take a small bite here !
I first spotted an opportunity in Yeahka when it IPO-ed in June. Saw a wedge pattern (Like 6969 Smoore and 909 Mingyuan Cloud ) and rode it all the way from $17+ till the $60 level. Since then, the bubble popped and has been on a sustained downtrend till recently - prices have started to make higher lows indicating signs of an uptrend. Additionally, recent news...
Bought the initial IPO and sold near the high after a monster parabolic move in July. Since than the stock has continued to disappoint and crept lower and lower to find its base. Has it found its bottom after ticking the IPO low vwap? continued higher highs and lower lows and following a trend line from IPO date. This stock can be quite volatile but seems to be...
More than any colours, RED halts what we are doing and demands our immediate attention. Like this chart, the moment we see this 40% plunge and a very sharp long red candle, our mind conjures images of losses, further plunge, bear market is coming, etc. Most people when they encounter lots of blood presence are too shocked to do anything (unless you are a trained...
Another Tencent back investment , read about Yeahka here. The support at 16.64 is crucial as it will determine whether the price will continue to trend higher or heads south if it breaks down. Thus, if I have to take a quick short term trade , I would wait for the price action to settle at this level before deciding. This is a symmetrical triangle pattern...