Cheetah Mobile has beaten earnings estimates on 8 out of its last 10 earnings dates. That makes it a good candidate to win again. Generally, when Cheetah Mobile beats estimates, it rises for just a single day and then falls again the day after. I've made a $500 bet that we get an earnings surprise, and I will liquidate the position tomorrow morning either way.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
CMCM is forming a possible flag formation on the Hourly frame. At the break of this setup it can go at least to $14 are reflecting the top breakout.
But if the breakout occurs as a longer term flag setup, it can go as high as $15 to $15.13
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of...