YY/N trade ideas
YY: Good valuation and fundamentals, great chart setup$YY has a great chart here, paired with very interesting growth potential, and current valuation metrics.
We're long and averaging into a long term position as well.
Best of luck,
Ivan Labrie.
YY support and potential rebound zone200 MA is being tested. if it fails @100-95 then .61 fib support @81 should be watched for potential rebound.
Signals are bearish in the short term as with most tech adrs at the moment.
YY Inc Long (technical/fundamental idea)
NASDAQ:YY
Hello traders!
“YY” closed at 177.04 as of Friday, March 15. According to Slow Stochastics, MACD and Fibonacci retracements, we can clearly see that “YY” has fallen into oversold territory, which could attract demand for shares and bring prices up; however, momentum, geopolitical risk and the potential U.S rate hike on March 20-21* could pressure stocks in general. Great entry price could come soon.
** tip: all traders should pay attention to technical analysis for entry and exit points as well as fundamental analysis to see the bigger picture.
YY - Continuation patternYY is a Chinese video social media platform, most prominently featuring video streaming. It has a massive user base (although many outside of China have never heard of it) with over 300M users and is rapidly growing.
After the most recent earnings report, price of the stock went from $140 to as low as $115 - and as far as I can tell, there was no "fatal" bad news. This dip is a good opportunity to buy in.
Looking at the chart, we can see that YY has been on a long bull run since the start of 2017. With the recent price action, it appears to be forming a flag - which is a continuation pattern. We should see the price test $135-$140 again very soon, and if broken, we may see another strong bull run leading up to the next earnings report (May 8). If it cannot break through the upper bound (or even breaks down), things will get a bit more interesting..
YY chart breakout to All Time highsWAtching this here for a break over yesterdays highs. the daily chart is a nice breakout to ATH. this one has room.
YY 9EMA daily bounce tradeYY after an incredible run after earnings has pulled back to first level of support. your starting to see some of the other chinas like $wb bounce day. this one is about to green intraday and should restart its bounce
YY longat 94.12 as it was about to break into new all time highs. Looking to add if it can hold these levels
YY breakout to yearly highs in the cardsAfter big runs. China stocks have pulled back in an orderly fashion. This stock is looking like a breakout is starting today!
YY could be next china stock to breakoutChina stocks are hot right now. $bzun $$jd $wb $sina all having great strenght. $yy currently is consolidating in a nice flag and could run in sympathy and start to trend.
YY inc. initiated with a Buy at Goldman Sachs Goldman Sachs analyst Fan Liu started YY with a Buy rating and $101 price target, saying it is expected that the early pioneer in live streaming can sustain its leadership position.
Bullish option flow detected in YY with 1,761 calls trading, 3x expected, and implied vol increasing over 2 points to 43.16%. 9/22 weekly 65 calls and Sep-17 85 calls are the most active options, with total volume in those strikes near 840 contracts. The Put/Call Ratio is 0.54. Earnings are expected on November 21st
Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Historically, the company has been releasing figures that are above expectations.
The company's attractive earnings multiples are brought to light by a P/E ratio at 13.31 for the current year.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For several months, analysts have been revising their EPS estimates roughly upwards.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
#YY longCould YY Inc (ADR) (YY) See a Reversal After Breaking Its 52-Week High?
July 17, 2017 - By wolcottdaily
The stock of YY Inc (ADR) (NASDAQ:YY) hit a new 52-week high and has $71.47 target or 9.00 % above today’s $65.57 share price. The 6 months bullish chart indicates low risk for the $3.98B company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $71.47 price target is reached, the company will be worth $358.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
About 2.17 million shares traded or 97.27% up from the average. YY Inc (ADR) (NASDAQ:YY) has risen 20.20% since July 17, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
YY Inc (ADR) (NASDAQ:YY) Ratings Coverage
Among 5 analysts covering YY Inc (NASDAQ:YY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. YY Inc had 9 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 16. The firm has “Hold” rating by Zacks given on Thursday, August 20. The stock of YY Inc (ADR) (NASDAQ:YY) earned “Overweight” rating by Piper Jaffray on Friday, August 14. As per Monday, August 17, the company rating was downgraded by Pacific Crest. The rating was initiated by Bank of America with “Buy” on Monday, November 28. The rating was initiated by JP Morgan on Wednesday, August 31 with “Overweight”. HSBC initiated the shares of YY in report on Monday, October 31 with “Buy” rating. The stock of YY Inc (ADR) (NASDAQ:YY) earned “Buy” rating by Bank of America on Tuesday, July 4. The firm has “Hold” rating by Jefferies given on Wednesday, February 8.
More important recent YY Inc (ADR) (NASDAQ:YY) news were published by: Seekingalpha.com which released: “Momo And YY Rapidly Grow As China’s Live Video Streaming Market Expands” on May 31, 2017, also Benzinga.com published article titled: “Jim Cramer Shares His Thoughts On YY Inc And Tata Motors”, Seekingalpha.com published: “YY Inc.: A Chinese Juggernaut In The Making With Solid Technicals And Fundamentals” on September 22, 2016. More interesting news about YY Inc (ADR) (NASDAQ:YY) was released by: Zacks.com and their article: “Market Has Not Yet Noticed Potential in YY Inc. (YY); Have You? December 08, 2016” with publication date: December 08, 2016.
YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has market cap of $3.98 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 14.15 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
YY coming into key areaYY can breakout if it can break thru 64.25 area. The next price resistance is around $80 so very good risk/reward for longs.
