Agora, Inc. Announces US$200 Million Share Repurchase Program!!!API: Agora, Inc.
2022-02-22 17:00:00
Agora, Inc. Announces US$200 Million Share Repurchase Program
API trade ideas
Agora (API) long1. Analysis:
- increased volume
- bullish engulfing candle on weak market (big absorption or short covering)
- pre earnings
- previous qt despite EPS miss had surging revenue, might have surprise to the upside
- china is lowering rates while world hike rates, might ramp up growth in growth stocks
- Already beaten down terribly, good entry.
Very good risk/reward ratio, although earnings is a gamble, stop might fly away, very risky but still appealing.
3 price targets marked on the chart (dashed line) with taking profits at levels to secure position and eventually scale back in after breakout of each area of resistance.
API Education Group 🧙Agora Inc provides real-time communication solutions. The company offers real-time video calling, voice calling, live audio and video streaming, recording, and real-time messaging. It serves the gaming, retail, and education industries. The company operates in the People's Republic of China and the United States of America and the majority of its revenue is derived from the People's Republic of China.
Industry
Software - Application
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Long | API | Swing TradeNASDAQ:API
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
* 19 Feb, Calls for 125$
$API AGORA PRE-BREAKOUT IDEA POST-IPOSEE CHART. AGORA $API POST IPO, POSSIBLE BOTTOM. Needs to break out the wedge for confirmation. It's a low volume stock, needs to catch up interest to break out.
PT:45$
Stop loss if market crashes as always.
API over 42.15Agora.io is a developer platform for integrating video and voice connectivity into applications based in Shanghai, China. This name is turning up from oversold conditions and testing the descending trend line. Major fibs, price action, and volume profile provides a nice entry over 42.15. A second, more conservative entry is over 48.
$API Long Recent drop due to API's Bytedance revenue. #tradeideaLong over 36s. Earnings approaching so be careful
