QTT Scalp NASDAQ:QTT looking to form a base of support before breaking out on higher time frames. Taking a long off of support to ride the momentum. Keep it simple :)
QTT
QTT - Bullish Momentum - Big Gains If Bounces To FibQutoutiao, Inc. operates as an online platform for headlines. Its principal activity is to operate through the mobile platforms: Qutoutiao, and Quduopai. The Quduopai is a mobile application, which allows users to create, upload and view video content through mobile phones. The Qutoutiao focuses on humor, stories and other light entertainment content that delights and inspire. The company was founded by Eric Siliang Tan and Lei Li in June 2016 and is headquartered in Shanghai, China.
SHORT INTEREST
14.91M 07/31/19
P/E Current
-2.03
P/E Ratio (with extraordinary items)
-3.10
Average Recommendation: HOLD
Average Target Price: 5.96
Initiate Panic Phase 1Price has tripled in 3 months despite negative earnings. Double top formation at the 15.7 level. IPO lockup period has expired. Bearish divergence on oscillators.
Qutoutiao Could Dip When IPO Lockup Expires
