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...
YY had an outstanding 2618 short off 121.8 previously, here it's forming a new bullish pattern.
China stocks bounced a little bit today, if it can give a intraday set-up to long, it's still a worth taking trade!
Let's see how it goes!
Lil neg MFI divergence but so far, but key is the higher lows. Could see some profit taking / selling on weakness $YY + a dip @ / around $103. Been keeping this one on watch for a little bit, but just now taking the setup to terms. Mid/long-term definitely has potential to see 200% ($131.50 - $132) as long as trend continues making higher lows. Regardless, that...
The fundamentals:
YY is a Chinese company with a popular streaming platform. Below is the summary of their latest earnings report:
YY reported revenue of $518 million, beating analyst estimates for $487.8 million and up 43% in local currency. It reported adjusted earnings of $1.72 per share, beating Wall Street's view of $1.52
With social platforms, it is...
$YY has a great chart here, paired with very interesting growth potential, and current valuation metrics.
We're long and averaging into a long term position as well.
Best of luck,
Ivan Labrie.
200 MA is being tested. if it fails @100-95 then .61 fib support @81 should be watched for potential rebound.
Signals are bearish in the short term as with most tech adrs at the moment.
NASDAQ:YY
Hello traders!
“YY” closed at 177.04 as of Friday, March 15. According to Slow Stochastics, MACD and Fibonacci retracements, we can clearly see that “YY” has fallen into oversold territory, which could attract demand for shares and bring prices up; however, momentum, geopolitical risk and the potential U.S rate hike on March 20-21* could pressure...
YY is a Chinese video social media platform, most prominently featuring video streaming. It has a massive user base (although many outside of China have never heard of it) with over 300M users and is rapidly growing.
After the most recent earnings report, price of the stock went from $140 to as low as $115 - and as far as I can tell, there was no "fatal" bad...
