WEIBO CORP - AMERICAN DEPOSITARY SHARE NASDAQ:​WB

WB is trading between support and resistance areas $103.5 and $108.5. If it breaks the resistance then don't be surprised to see $115 and then $120. Momentum is a bit slow for now and projects $118 by end of the month but that could change once it breaks the resistance. If it breaks down target could be $99 and then $95. Disclaimer: This is just my opinion, not an ...

Weibo ($WB) looks to be in a nice dip at the moment. I'm awaiting news regarding the trade situation with the US / China and that will determine the future of my decisions. It is trading below the 255 day linear regression 2x standard deviation line currently, and looks to have possibly formed a double-bottom.

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 ...

Just dicking around with volume profile, honestly. It shows the distribution of volume across price, i.e.: how much volume was traded at each price. The horizontal lines are areas of higher volume. The orange dashed line is the price that traded with the highest volume within the fixed period I set. The blue lines indicate a moving 1-standard deviation capture of ...

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If Weibo's wave-train continues, it's now locked and loaded. But one wonders how long can it keep following out this channel with such regularity. We'll see... This follows from my prior idea that predicted WB's down-slope we've just watched unfold... https://www.tradingview.com/chart/WB/8w8QUfHz-WB-wave-train-will-it-continue/

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There appears to be a volatile wave train in WB's trend that raises the question if it will drop and bounce again to form a next oscillation.

So the market is trading sideways... here is my prediction

Watch the video, like you like.

Reference Chart!

Wait for break out Support 132.50

First target 146

1. Should go to 124 first. 2. If break 124 with large volume, add more.

It has a good repeating trend. This is good because it's predictable. Watch out for the sale area, other than that, the stock is healthy. It on the watch from now.

The price crossing the AVG 50, slow stochastics with buy signal

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