Hello Group Inc.Long
MOMO Earning Looks Good
Updated
MOMOMOMO's earning announcement is tomorrow AMC. Technical analysis indicates the consolidation is almost over and it is waiting for direction breakout.
It looks like the earning may be a pleasant surprise , and the rationale is:
1). Price has been holding above EMA(60) for the last 3 weeks since 2020-08-05;
2). Price has been holding above 2020-07-17 pivot high of $20.02 for the last 3 weeks;
3). Uptrend line since July 17 is holding firm;
4). Volume after July 17 is gradually decreasing.
Let's wait and see a breakout Friday morning.
Note
MOMO earning announcement is tomorrow BMO. Let's see tomorrow.
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