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Xunlei Ltd. ADR

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XNET trade ideas

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. Xunlei’s growth is fueled by demand for faster content delivery, the rise of blockchain applications, and expanding opportunities in China’s rapidly digitizing economy. On the chart, a confirmation bar with rising volume signals bullish momentum. The price has entered the momentum zone after moving above the .236 Fibonacci level. A trailing stop can be placed just below this Fibonacci line using the Fibonacci snap tool, helping traders secure profits while allowing room for additional upside potential.
NASDAQ:XNETLong
by traderspro_charts
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 confirmation. 3) No share splits. 4) Off-Exchange Short Volume Ratio 29.83% ;-) Is it possible price action continues to correct? Sure. Is it probable? No Ww Type: trade Risk: small market cap. Low exposure. Timeframe for long: 3 days Return: 300%
NASDAQ:XNETLong
by without_worries
41
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 be the resistance and it will be interesting to see if it breaks it tomorrow or next week. Im putting a 15 dollar price target for the short term. For the long term im putting a 25 dollar price target.
NASDAQ:XNETLong
by Dc1392
4
XNET at bargain prices with Bitcoin testing all time highsXNET has not grown at the same speed as RIOT and MARA today, possibly due to it's obscurity in the minds of investors, but make no mistake the upside potential here is huge if you get on this train early. I expect to see a return to all time highs at $10, so this opportunity is actually greater than with the higher priced mining stocks. I have gone in for a large number of shares today, and can recommend the same to you all.
NASDAQ:XNETLong
by MisterAntiVirus
Bitcoin Sets Its Sights beyond $40,000, Boosting XNET stockBitcoin Sets Its Sights beyond $40,000, Boosting XNET stock higher As has often been the case for much of the past couple of months, when bitcoin rises, a handful of stocks also perform well, including XNET stock. On Wednesday evening, the combined capitalization of the entire cryptocurrency market surpassed $1 trillion for the first time, according to CoinDesk. Cryptocurrency stocks continue to see outsize trading volume, leading to high volatility, as bitcoin and other alt-coins keep pushing to new highs. Investors should keep in mind that many cryptocurrency stocks are penny stocks and incredibly easy for traders to manipulate. Xunlei is surging by a ludicrous amount today and there's no fundamental reason to explain the move. But the stock's trading volume is almost 44 million, according to Yahoo! Finance, rivaling that of some of the largest publicly traded companies. Xunlei's move today is reminiscent of the surge Bit Digital had during the past week. The stock more than doubled in just a couple of days but is losing steam now that the pump is over. Herein lies the problem with stocks surging on trading volume that's out of sync with business fundamentals: There's no way to tell when the music is going to end. That's true of Xunlei and Bit Digital stocks, but also others like Marathon, Riot Blockchain, and Canaan. These three now have market caps over $1 billion each, trading with price-to-sales ratios in the hundreds.
NASDAQ:XNETLong
by AlenCiken
XNET Wedge/EMA ConvergenceXNET has broken above the downtrend line from Nov '19 while consolidating in a wedge. What I like most here is the 5 EMA which has found support twice on the 50 EMA and rising 20 EMA. The top of the wedge coincides with a flattening 200 EMA. Considering price has tested the top of the wedge/200 EMA 3 times and failed, I anticipate, given the behavior of the 5 EMA, and a 20 EMA converging and looking to cross the 50 EMA, that XNET will break through overhead resistance. Also I would call your attention to several occasions prior to June while consolidating in the wedge, the 50 EMA rejected the 5 EMA and any price moves above the 50 EMA ultimately failed to hold, now contrasting those instances with the current price action, I anticipate the stock is ready to move higher Trade plan: I like waiting for the top of the wedge to be broken through, considering the area acted as resistance 3 times, any breakout and pullback to the wedge top/200 EMA should be well supported and I would look to enter a trade there.
NASDAQ:XNETLong
by ETrades1
XNET - Bullish Momentum. Still Got Legs To GrowXunlei Ltd. is a holding company, which engages in the research and development of new technologies. It provides Internet platform for digital media content and cloud based technology in China. It offers two core products and services include Xunlei Accelerator and Cloud Acceleration Subscription Services. The company was founded by Sheng Long Zou and Hao Cheng in February 2005 and is headquartered in Shenzhen, China. SHORT INTEREST 1.21M 07/31/19 P/E Current -4.18 P/E Ratio (with extraordinary items) -2.91
NASDAQ:XNETLong
by DEXWireNews