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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam 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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.