Weibo is one of the most used social media platforms in China.
Since more and more people in China are being connected to the internet (behind the great firewall) and thus only chinese social media are available for them, i expect this stock to get to new highs.
After a downtrend that allmost took an entire year, Weibo has found support at the golden pocket. When...
o The cloud is thing and divergence is happening
o Price broke the cloud and retesting
o price action will indicate whether
its a buy or to wait
Buy signal is if a gap up happens and
price opens at 63.10. its definite buy.
Or bullish candle's volume exceeds the last
8 candles than its a buy
Weibo, a Chinese platform similar to Twitter, was down 13% on a downgrade (buy to neutral) from Nomura today citing slowing growth in China. In 11 years of trading, I've seen analyst actions have both huge impacts on stocks and also no impact at all on the stocks they cover. It mostly depends on the analyst's timing, who they are and their previous track record...
Over the last year $WB has been decimated, going from a high of $142.12 to a recent low of $53.11 in late October 2018. Since then it has consolidated well. If market cooperates here, it could be gearing up from that consolidation to go north again. If it takes out $70, then $80 to $90 is doable.
$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.