WB/N trade ideas
WB Earnings ReportCharted bear and bull for earnings report, both support this move. If showing superbull, hold for 56.00
Micro-Blogging Revolution *CHINA*Hello Traders,
I am taking my first bite at my newest position. I have been stalking $WB for quite some time, wanting exposure to the Chinese "micro-blogging revolution".
If you want the fundamentals by the numbers you'll just have to look it up on your own. But the foundation of my fundamental screening in equities is based off of earnings growth... aggressive earnings growth. Both on a QoQ basis, and a YoY basis. And this company has positive YoY and QoQ metrics when it comes to the cash metrics.
Risks: One of my friends mentioned that Weibo along with MOMO (which fits my fundamental criteria for investment also) are being mentioned on CNBC and other mainstream media. I view this as a risk because the non-professional retail crowd starts piling in on a position. The retail crowd I'm referring to are the quote on quote "long term investors" which buy positions based off of what CNBC, FoxBusiness, etc recommends and then get shaken out of their over-levered positions a few days, weeks later... I prefer not to be entering positions at the same time the non-professional crowd piles into the same position.
The Trade: Depending on the price action the following days will determine if I make this a short term swing trade (2 weeks - 1 month) or what I prefer as a position trade (I use fundamental stops and a trailing 200 MA stop after higher highs / higher lows are printed on the chart). Main resistance is highlighted on the chart at the YTD highs. Also keep in mind the gap fill (55.70) as a profit taking area for shorter term swing traders.
Entry: The entry was based on a descending channel bullish break.
Stop: Stop has been placed slightly below the lows of the descending channel's rounded bottom.
Trade smart, and with a plan. Cheers guys! =)
Short WB at $55 for double topsShort WB at $55 for double tops. It is well overbought. Buy put option or put option spread when it reaches $55.
Great close above the price target for double bottomGreat volume action on one of the most bullish setups out there. short term target 55.9. Long term target TBD
Lovely double bottom breakout on watchnice strong double bottom breakout, if can hold above 52.6 close will be bullish
Bearish, need to go down first before it could come back up.Looks like it's breaking the support line at ~41. Needs to go down a bit before consolidation.
Has the WB Reached the Top?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 positions at 54 levels.
SL:above 56
TP1:38
TP2:27 and even more
WB - Long - Swing+ side way, narrow range price movement over the past week, w/ <avg volume
+ price pop'd today w/ high volume
+ bollinger band contracting
$WB watching for breakout tomorrowWB is nearing the top of this breakout pattern, going to see if we can get a breakout tomorrow!
WB AB=CD pattern, retrace right here or go to 1.618 extension?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.
Weibo WB Cup w/Handle BaseNASDAQ: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 accelerated over the last three quarter from 150% to 350%. The company has handily beaten analyst estimates by 10% and 60% over the last three quarters, and analyst expect the company to continue to grow sales and earnings by at least 30% and 80% over the next three years respectively.
