Going after the Generation Z market
Generation Z lives in a internet connected world the time they were born. They are heavy users of social media, apps and live streaming, a business that many tech/gaming companies are after.
Momo with a Tantan app is like Tinder in the US except this caters for the Chinese market.
We can see from chart, it has broke out of the bearish trend line with a nice descending wedge pattern within.
I am awaiting for it to retrace a little before taking a long position.
Momo with a Tantan app is like Tinder in the US except this caters for the Chinese market.
We can see from chart, it has broke out of the bearish trend line with a nice descending wedge pattern within.
I am awaiting for it to retrace a little before taking a long position.
Note
Hmmm, it might retrace back to the 16.69 support area (hopefully not below) before we see a rebound. Be patient and be flexible. Just because price breaks out from bearish trend or a wedge does not mean it has to follow a certain path. It does for a while as you can see from chart before it decides to take its own course. We always respect Mr Market and trade according to what we see on chart.Note
Time to add more...Note
Praise the Lord, our rewards come last night with a nice jumpNote
we added more last night
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.