YY INC Stock NASDAQ -H1 Bearish Continue Rectangle Formation and Short Setup
Description: FXAndalanBangsa found a Bearish Continue Rectangle formation on H1 Chart Timeframe.
Trade Period: Intraday Trading
Instrument: YY INC Stock NASDAQ
Time Frame: H1
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bearish
Trade Based On: The Bearish...
A divergence of trend between RSI and price is forming on 1day chart. This is a bullish pattern. In the meantime, another bullish pattern appears on the 1hour chart, with price low becoming higher and RSI low keeping going down.
Currently, there's no buy signal yet.
Chinese cellphone platforms:
Y Inc. (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company's segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and...
YY is a social media and internet streaming company based in the People's Republic of China. The company has an appealing quality and growth outlook, given that access to internet services in China has improved in the recent years and it is still on the upside.
The company produced solid Q2 numbers; however, it issued low Q3 guidance, and as a result, the...
Playing $YY which is down on gaming regulations. Think we may pop out the gate just looking for a quick 1 to 3 points on this. Leave room to add if it pulls. Think we could get a little gap fill back up. DB analyst out with a 145 price target. NASDAQ:YY
YY dropped a lot after its ER, which actually beat analyst's estimate but still got sold off horribly.
Like the FB trade last time, it's heading to 0.618 after this earning gap.
This 0.618 also has an AB=CD combination, while there is also a potential bullish bat at 44 spot.
So I'll be looking for some reversal sign right here to see if there are buying...
This company had a great 2017 but this year has been a disaster! since its recent peak at 140$ the company has lost almost 50% of its value. So right now the big question is, where will it bounce?. I want to buy for a short counterbounce and so i am looking for a overextended selloff.
Timing = 0 ( I dont think this stock is hitting its bottom soon and the market...