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Internetstocks

CMCM could chasing a Chinese internet stock be profitable? LONGCMCM is on fire with a 90% gain since the earnings report which was not verified by any outside forensic accounting auditors . The Ciniese economy may be recovering with it Cheetah. The price-volume trend is impressive in the past month as a combination of the price moving up responding to spikes of buying volume and positive volatility. I will enter this as a small position chasing the momentum using a trailing ATR stop loss currently $.25 per share. Since I will risk $25 in the trade for this small position I can take 100 shares as a long position. I will continue to watch for selected Chinese stocks responding to the economic recovery to exploit for gain.
NYSE:CMCMLong
by AwesomeAvani
$SOHU can fall in the next daysContextual immersion trading strategy idea. Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The share price fell after bad earnings. It looks like it will continue falling. The demand for shares of the company still looks lower than the supply. So I opened a short position from $6,90; stop-loss — $7,32. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:SOHUShort
by KozakHlib
$WB can fall in the next daysContextual immersion trading strategy idea. Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. The share price fell after bad earnings. It looks like it will continue falling. The demand for shares of the company still looks lower than the supply. So I opened a short position from $29,91; stop-loss — $32,30. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:WBShort
by KozakHlib
2
$SINA can fall in the next daysContextual immersion trading strategy idea. SINA Corporation operates as an online media company in the People's Republic of China and internationally. The share price fell after bad earnings. It looks like it will continue falling. The demand for shares of the company still looks lower than the supply. So I opened a short position from $30,03; stop-loss — $32,56. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
SShort
by KozakHlib
Strong Buy Signal on the U.S. Internet Stocks.The FDN (First Trust Dow Jones Internet Index Fund) which essentially covers the U.S. Internet Stocks, is now comfortably trading above the MA50 on the 1D chart on strong bullish candle action (RSI = 69.026, MACD = 2.230, Highs/Lows = 3.3271). Through this price action a strong buy signal has emerged and has to do with the similarities of the mid 2018 - 2019 price action with the late 2015 - mid 2016 sequence. Not only the MA periods (Death Cross followed by a Golden Cross) and candle action (Highs, Lows, consolidation phases) are virtually identical but also the price ranges (-27% decline from highs). If a +21.50% rise follows, then the peak of the current bullish sequence would be near 161.00. We are long on this asset. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
AMEX:FDNLong
by InvestingScope