0YYA trade ideas
Solid BPC (Breakout-Pullback-Continuation) FormationPrice could be charging higher with the formation of BPC.
Next target will be envisaged around US$48-US$52.
Support will be set around US$43.50.
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
$YY bull flag?Could be a bull flag or start of a new downtrend. Numbers out of China pretty good. Internets heating up. But wait and see.
Good Long OpportunityAlright, this is a good opportunity if the freakin' INDEX:SPX let us. Price has held $42.50 area nicely and there is a bullish divergence going on with the RSI. Monday's open could present a good opportunity to go long. Let's see.
YYHit harmonic target, bounced a bit and now back in the tgt range. Could very well be looking for AB=CD tgt 57
Broadening Wedge BreakoutBounced off the .236 speed line on 10/15 and has carried through with a breakout out of a bullish broadening wedge with 12 days till earnings. Purely technical setup.
Quick Question: Are we closer to support or resistance?8-15 You tell me, are we closer to support or resistance here.
Next question, for support buyers where is support. I ask because its all you need to know.
Kinda reminds me of the NASDAQ 100 index here as well as TSLA
