YY trade ideas
YY YY.com a money generator from china YY was added to my get big list long ago because of profitability. Company attempted a failed buy back of shares in order to relist on mainland China. Stock has not been on it's upward trend in a long time. This may have changed with movement on Dec 8th 2018. I will be long if trend continues higher.
The Downward Channel and the Breached Strong Support PullbackThe price of the YY has moved along the downward channel well in week frame chart,and the upper edge of the channel has being hit now,so will the channel still work?
The strong support of 52 levels was breached and it converted into the stong resistance.Now the price is pulling back.
The Pinbar and Cross Star of week candles have appeared in this zone.
So it is a good chance for opening short positions at 52-55 levels
SL:above 60
TP1:33
TP2:25 and even more
