When we had previously tracked 
MOMO, price had broken its down-channel open on a bullish break after acquiring "Chinese Tinder". Full extension price targets were provided (link to related idea below).
Resurfacing on premarket earnings, the chart has since established an up-channel option, respecting each price extension on its way up.
Technicals:
1. Trading at 36.16 in premarket, up 6.54%
2. Price came off from its diagonal resistance and re-tested the 50 MA, and is currently sitting at its second price extension per below link
3. MACD has pinched and is turned up
4. Levels of resistance to watch: 38.75-39.10 range, which coincides to the final price extension currently presented
Fundamentals:
Earnings Call: https://finance.yahoo.com/news/momo-inc-sponsored-adr-class-110000976.html?.tsrc=rss
MOMO, price had broken its down-channel open on a bullish break after acquiring "Chinese Tinder". Full extension price targets were provided (link to related idea below).Resurfacing on premarket earnings, the chart has since established an up-channel option, respecting each price extension on its way up.
Technicals:
1. Trading at 36.16 in premarket, up 6.54%
2. Price came off from its diagonal resistance and re-tested the 50 MA, and is currently sitting at its second price extension per below link
3. MACD has pinched and is turned up
4. Levels of resistance to watch: 38.75-39.10 range, which coincides to the final price extension currently presented
Fundamentals:
Earnings Call: https://finance.yahoo.com/news/momo-inc-sponsored-adr-class-110000976.html?.tsrc=rss
Nota
For the complete technical analysis on this swing trading set-up, click here: compoundtrading.com/swing-trading-periodical-contact
Founder: EPIC Agentic AI | World's Best Autonomous Trading Software
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Trading CL_F, NQ_F, BTC, ETH, SOL, TAO, SUI, XRP, Stock Basket
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Trading CL_F, NQ_F, BTC, ETH, SOL, TAO, SUI, XRP, Stock Basket
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Founder: EPIC Agentic AI | World's Best Autonomous Trading Software
dashboard.epicaitrader.com | epicaihub.io
Trading CL_F, NQ_F, BTC, ETH, SOL, TAO, SUI, XRP, Stock Basket
dashboard.epicaitrader.com | epicaihub.io
Trading CL_F, NQ_F, BTC, ETH, SOL, TAO, SUI, XRP, Stock Basket
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.