Looks like it's breaking the support line at ~41. Needs to go down a bit before consolidation.
The price of WB has soared from 12 to 56 in eight months of 2016.Has it gotten to the top? Yes,maybe it has in short term and reasons are as follows: 1.The price hit the inverse 2.618EXT; 2.The Cross Star of the week candle appeared at a high level; 3.The RSI has been divergent already and it is in the overbought zone. So it is a good chance for opening short...
+ side way, narrow range price movement over the past week, w/ <avg volume + price pop'd today w/ high volume + bollinger band contracting
WB is nearing the top of this breakout pattern, going to see if we can get a breakout tomorrow!
similar to $CPB, otherwise do nothing?
Trailing, reload lower at demand zone when there
1.27 extension now, RSI overbought, facing some resistance. might still go up to 1.618, that's a level with high possibility to retrace.
Possible IH&S PO: high 20's, low 30's
NASDAQ:WB Weibo (WB), considered the Twitter (TWTR) of China, is in the process of forming a first stage cup with handle base. Volume has been well above average up the right side of the cup, and is drying up as the handle forms. Weibo has been posting impressive sales and earnings growth. Sales have grown over 40% in the past two years, and earnings have...