It's a time for Xunlei - 40% potential profit
On the Xunlei Limited chart, the price — after a prolonged downtrend — has reached a strong support zone around $5.40–$5.50, where a clear buying reaction is emerging. The price is holding above the local low, and the RSI is in oversold territory, which often precedes an attempted bullish bounce.
A
Xunlei Limited
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−1.39 USD
1.05 B USD
461.65 M USD
62.62 M
Company info
Sector
Industry
CEO
Jinbo Li
Website
Headquarters
Shenzhen
Founded
2002
IPO date
Jun 23, 2014
ISIN
US98419E1082
CUSIP
98419E108
FIGI
BBG001QWYTJ7
Identifiers
ISIN US98419E1082
Xunlei Ltd. is a technology company providing distributed cloud services. It provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient internet experience. The company was founded by Sheng Long Zou and Hao Cheng in December 2002 and is headquartered in Shenzhen, China.
XNET: When the torrent pioneer becomes a niche cloud playerXunlei started with download accelerators and is now building an ecosystem of cloud services, voice streaming and home NAS storage. The company trades on NASDAQ and everyone who understands the exit from capital‑heavy data centers in favor of light subscriptions is watching – because this move coul
Xunlei Ltd. ADR (XNET) Innovates in Cloud and BlockchainXunlei Ltd. ADR (XNET) is a Chinese technology company offering cloud acceleration, shared computing, and blockchain-based services. Known for its flagship download manager and peer-to-peer network, the company has evolved into digital entertainment, fintech, and distributed computing solutions. Xun
Xunlei Limited to print 300% extension?This is a short term forecast between now and the year end.
On the above 2 week chart price action has corrected 80% from resistance to test support on past resistance.
Reasons to be bullish:
1) The next resistance confirms support (red circles).
2) RSI resistance breakout and support confirmati
See if XNET can move up. Daily chart on XNET looks okay as the only thing is see bullish right now is the MACD about to close red and turn green. RSI is steady starting to head up while in the candlesticks you can see how we are using the 100 sma line as support at the moment. Lets see if we can see some volume to push the
XNET Move up is near. Daily chart on XNET looks good while the market tanked a bit today March 18, 2021.MACD is widening green while RSI seems steady right under the overbought territory. Look at how the price went down to the 50 sma line right before it consistently went up to where its at right now. 10 dollars seems to
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.









