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 price up and hopefully break that line of resistance.
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...
XNET 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...
This one is one im very excited about. Earnings in 6 days at the time of writing this and with futures green and stimulus package waiting for Bidens signature i see this running up like everything else. MACD is closing red and we seem to be recovering from recent selloffs. Earnings will play a factor whether we see this run up leading up to earnings, or if they...
Today were finally seeing green and hopefully this can be the start of green days. XNET chart looks good as the RSI is heading up while the MACD looks to want to close red and go to green. If the market can start having more green days i definitely see this running up to previous highs, and even reach new highs. Bounce off the 50 sma line.
XNET might gain about 7 percent or less but after that, we should see a reversal.
Should hit 5.78 by the end of March and be at a good buy in point!
Short-term
Timeframe: 3-5 weeks
Short gain: 20%
Price Target 1: $5.80
This is just my view and information for me to track. Do what you will with the information!
Bullish Pennant
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 7
250RSI above 50
Cons:
200MA flat
Target:
PT = 14.95$
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
XNET looks like it is consolidating right now. Notice how it is trading sideways, and the 50 sma line is heading upwards towards the 200 sma line. Which is considered the golden cross when the 50 sma line crosses up the 200 sma line. Shout out to Royce Jacob for bringing this company into my attention.
Bitcoin 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...
XNET 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,...
Xunlei 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...
