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WEIBO CORPORATION CEDEARS EACH 6 REPR 1 ADRWW

WEIBO CORPORATION CEDEARS EACH 6 REPR 1 ADR

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WBO trade ideas

Weibo is looking interesting after retesting major support levelNASDAQ:WB pulled back in a descending channel and retested major support level. Long the break out of the channel, targets and anticipated price action is shown on the chart, stop loss at 45$ or daily close below 200 MA depending on your risk appetite. It worth to note that this idea could be impacted by the tension b/w US and China. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
NLong
by Chartoholic
Cup and Handle? Inverse Head a ShouldersEstimated earnings 3-29..long term high is 142.12 3 year high is 142.12 Yearly high is 54.57 Inverse H&S near handle, has broken neckline of this pattern and that is long entry level. You can draw a line from the head to the neckline to get a ballpark idea of how far this pattern may move upward. Using magnet, just move the line to extend up from the neckline..WB already hit this target and more and then pulled back once, now a second attempt and a tail pierced target line using this method...so perhaps an important level for WB.. Cup and handle is trying to form. It is not to long entry level for this pattern and I do not see a clear handle..if you do, mark it (o: Cups do not always have clear horizontal consolidation zones (HRZ) as a handle but it sure helps me when they do. Or the handle may be right at long entry level. There is also an ascending scallop pattern/looks like a Backward "J" and these do not usually have handles they do often pull back and if a scallop pulls back below lip of scallop and forms a HRZ, then you have a handle. So then you may have a cup and handle and no longer an ascending scallop. This DOES NOT resemble an ascending scallop, by the way, as it is a much quicker to form type pattern, and much smaller than this pattern. FUBO looked to be forming an ascending scallop but then looks to be pulling back. I was thinking (dangerous..lol) But it does seem China's economy will be better off than ours under this administration..just thinking is all.. Not a recommendation..short interest over 16%so the hsorties are watching this one somewhat/OBV is high..NV is picking up/not a long term uptrend.. If you never step forward, you will always be in the same place..
NLong
by lauralea
Head and shoulders forming Possible head and shoulders forming in WB. I was expecting WB to rise with the large tech stocks but with the weak performance of most tech stocks other than AAPL recently I am afraid they will resume their downward pattern. They had a strong upward pattern since May but a Head and Shoulders is a bearish reversal pattern. I'm not sure where to put the neckline could someone help me with that? My understanding is that it starts at the dip before the first shoulder than ends at the dip after the second shoulder (which hasn't formed yet so maybe we can't draw that in yet) Appreciate any comments! Thanks
N
by Jeff-Bezos-4th-wife