$WB Weibo forming what looks like a possible diamond bottom in the area of $60 support. Earnings this week - if positive, it could be the start of a major long term reversal.
Targeting $80 by mid-January.
Note: Informational analysis, not investment advice.
The SINA WEIBO declined from March of this year, but will it still to drop?
Now there is a good chance for investors to buy.
A good demand zone is at 47-55.
So buy at this zone.
SL: below 47
September is often considered a tough month for stocks. However, many Chinese stocks have already had a rough year due to escalating trade tensions between the U.S. and China.
By and large, the fundamentals supporting Chinese tech stocks are strong given small penetration rates in a very large and rapidly growing internet market. For the most part, the ...
This stock keeps having good earnings. I feel like it is down with the trade war. But, it is an online business that deals with social media which is not effected. This keeps having good earnings and the stock keeps going down. This looks like a good buy. Picked up a few shares yesterday.
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 ...
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...