YY is ready to start moving aboveNASDAQ:YY
$YY broke the thend of falling and ready to start moving above.
Potential is 100% in perspective of 6 months.
$YY::$32.3->$63
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About JOYY Inc
Sector
Technology Services
Industry
Data Processing Services
CEO
Xue Ling Li
Website
joyy.sg
Headquarters
Singapore
Employees
7.931K
Founded
2005
ISIN
US46591M1099
JOYY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through the BIGO and All Other segments. The BIGO segment includes revenues from social entertainment platforms, including Bigo Live, Likee, and imo. The All Other segment represents the Huya and YY Live transactions and the elimination from historical segment results of both discontinued businesses as reportable segments. The company was founded by Xueling Li and Jun Lei in April 2005 and is headquartered in Singapore.
JOYY Ready to LaunchIt seems like we are at the dawn of a strong uptrend. Very cheap Chinese stock and has a huge potential in 2023.
Descending Triangle Price is below the support line. Price is also below the bands and this can cause a bounce, even if short term.
ATL IS 10.50. Price is at a 5 year low.
Some would wait for a 2 day close below the support line or a confirmed downtrend.
We are all different.
No recommendation.
CLOUD CHART
$YY Long - Ascending TriangleAn Ascending Triangle was confirmed by increasingly higher lows and constant highs within this pattern, This tells us that buyers are more aggressive than sellers, confirmed by a breakout through a resistance level to signal a continuation of the prior uptrend. The pattern formed over 13 hours and 1
Pull Back FishingSymmetrical triangle. Price is at the top trendline of the triangle which is resistance. The bottom trendline is support.
Neutral pattern until a trendline is broken with a trend in that direction. Price is pushed in to the nose of the triangle and price will eventually break one way or the othe
$YY JOYY Inc Weekly Breakout PT's
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really a
Shoring YYYY is not doing so well. the stock is coming down on weekly bases from FOMO of $145.00 and it is out of mind of investors. Having said that, it has recently broken its mother of all resistance at 75. This stock recently moved from 65 to 70 dollars hitting its 5 and 15 EMAs.
The fundamentals are al
LOG YYThis Chinese stock has about 50 percent correction from its all time high. The stock has formed nice looking symmetrical pattern. I expect the stock to see short squeeze coming within the next few days, week, or two. I am long the stock.
Good luck!
JOYY Inc 🧙JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo L
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