WB: Wave 2 retraced a tad over 61.8%. A higher high followed by A higher low. A potential iHnS as well with neckline yet to be developed. Wave 3 looks to be just starting. Longby Will_Wong114
bearish trend is weak o The cloud is thing and divergence is happening o Price broke the cloud and retesting o price action will indicate whether its a buy or to wait Buy signal is if a gap up happens and price opens at 63.10. its definite buy. Or bullish candle's volume exceeds the last 8 candles than its a buy o #the1% Longby ciisemoney1
WEIBO: A Good Chance to BuyThe SINA WEIBO declined from March of this year, but will it still to drop? Now there is a good chance for investors to buy. A good demand zone is at 47-55. So buy at this zone. SL: below 47 TP1: 73 TP2: 88Longby AdamHongUpdated 1
Weibo breaks down from a triangle pattern on a downgrade!Weibo, a Chinese platform similar to Twitter, was down 13% on a downgrade (buy to neutral) from Nomura today citing slowing growth in China. In 11 years of trading, I've seen analyst actions have both huge impacts on stocks and also no impact at all on the stocks they cover. It mostly depends on the analyst's timing, who they are and their previous track record with the stock. Today's downgrade seemed to catch Nomura at a rough time as 13% is not a small decline just because someone's opinion changed. In general I don't care so much what the analyst said, but rather the price action that followed. In the chart above we see WB managed to create a very solid base at the $54 level over the past few months. This base held through all of the turmoil of December's declines and it seems it took this downgrade today to have it smash through the support line. I believe there will be follow through. We can sell short WB between $52.50 and 53 Target 1: $47.80 Target 2: $44 Stop: $56.25Shortby TradeWithAdamUpdated 6
$WB bottom formationOver the last year $WB has been decimated, going from a high of $142.12 to a recent low of $53.11 in late October 2018. Since then it has consolidated well. If market cooperates here, it could be gearing up from that consolidation to go north again. If it takes out $70, then $80 to $90 is doable.Longby deepiceman1
$WB Weibo Diamond Bottom$WB Weibo forming what looks like a possible diamond bottom in the area of $60 support. Earnings this week - if positive, it could be the start of a major long term reversal. Targeting $80 by mid-January. Note: Informational analysis, not investment advice.Longby Triple_Barrel_Capital223
WB TRIANGLEPlaying Stock Trading Game: Stock has been climbing as Spy drops. Earnings on NOV 11th. Short term long.Longby dzynr642
Bullish on the Chinese tech sector, 5 must have stocksSeptember is often considered a tough month for stocks. However, many Chinese stocks have already had a rough year due to escalating trade tensions between the U.S. and China. By and large, the fundamentals supporting Chinese tech stocks are strong given small penetration rates in a very large and rapidly growing internet market. For the most part, the technicals point to healthy upside going forward. The following 5 Chinese tech assets are hovering around their Point of Control POC: price point with the highest trade volume and are showing signs of recovery using a number of indicators. We use the China 50 Index as a benchmark for these assets. Longby warrenhochfeld1
WB Weibo - SHortNice downtrend on WB Nice pullback, price fails to made a new hight. Possible 70$ support zone retest soon! Shortby n.c_trader1
Oversold stock.This stock keeps having good earnings. I feel like it is down with the trade war. But, it is an online business that deals with social media which is not effected. This keeps having good earnings and the stock keeps going down. This looks like a good buy. Picked up a few shares yesterday. Longby Brotank77113
WB: Wave 4 has retraced more than 50% so far and had bounced offS3. In line with the apparent bottoming of the Chinese stock market, I would say wave 4 could be over. the macd seems ready to turn up too.Longby Will_Wong1
$WB Weekly chart : Swing Idea$WB Weekly chart. Swing trade idea, short term bull run possible. Longby TradeWithZeroEmotion334
WB - Trading in a range - Keep an eyeWB is trading between support and resistance areas $103.5 and $108.5. If it breaks the resistance then don't be surprised to see $115 and then $120. Momentum is a bit slow for now and projects $118 by end of the month but that could change once it breaks the resistance. If it breaks down target could be $99 and then $95. Disclaimer: This is just my opinion, not an advice. Trade at your own risk.Longby Runway9Updated 331
Weibo - $WB - Nice Dip, seeking newsWeibo ($WB) looks to be in a nice dip at the moment. I'm awaiting news regarding the trade situation with the US / China and that will determine the future of my decisions. It is trading below the 255 day linear regression 2x standard deviation line currently, and looks to have possibly formed a double-bottom. Longby wounselUpdated 1
WB ready for some bullish days30 min candles show $WB is climbing out of a falling wedge, RSI forms an ascending triangle, RSI lows climbing out of oversold zone. Just got a long position - getting out when it breaks to the downside or scaling out on any big pump to the upside.Longby MarkWM1
Good Risk Reward Long Entry for WB Here (Weekly)I believe that within 3 months, WB has a better chance to continue the uptrend than to have a complete reversal. I believe the 98-105 support level will hold, and thus have initiated a long position at 103.5 with a stop loss at 95. My target profit area is the 130-140 zone. The risk is 8.5 dollars down for a reward of about 35, which is a 4 to 1 risk to reward ratio. Longby bigfryUpdated 5
Volume Profile Identification of Support & Resistance for WBJust dicking around with volume profile, honestly. It shows the distribution of volume across price, i.e.: how much volume was traded at each price. The horizontal lines are areas of higher volume. The orange dashed line is the price that traded with the highest volume within the fixed period I set. The blue lines indicate a moving 1-standard deviation capture of all volume in the fixed period, kind of like a Bollinger Band except volume based. by isosphere1
If Weibo's wave-train continues...If Weibo's wave-train continues, it's now locked and loaded. But one wonders how long can it keep following out this channel with such regularity. We'll see... This follows from my prior idea that predicted WB's down-slope we've just watched unfold... Shortby iGoddardUpdated 17176
WB wave train, will it continue?There appears to be a volatile wave train in WB's trend that raises the question if it will drop and bounce again to form a next oscillation.by iGoddardUpdated 1