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MOMO trade ideas

Interesting view on MOMOI picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16. And what a surprise, there are similarities about the price action. 1. IPO prices sinks 2. Rises back …and so on Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users to chat with nearby friends and strangers. You could compare them with the dating platform Tinder (Match Group inc.) the only bigger difference would be that they are not really profitable. I still believe that Chinese stocks are very risky. But if this goes as it is indicating us, it is a worth a shot.
NASDAQ:MOMO
by Chrlstlan
Pull Back FishingABC Bullish, possible stop below 12.93. Targets calculated using the AB leg and fib levels. In this pattern C must be below A. If C is very close to A, it would be a double bottom, and if C goes below A by a significant amount, you are possibly looking at different harmonic pattern, C is support, and as long as C holds, it can be a good stop, If it does not hold, well you do not lose much as a rule because your stop is close by. C is at 12.96 and A is 11.88, so they are very close together at this point. There is a 3 outside up bullish candle pattern at the last low valley. This pattern starts with a red candle, then a green candle that opens lower than the red candle's close, but closes above it. The last candle closes higher. In this pattern, the 2nd candle engulfs the 2st candle. This pattern shows bullish sentiment at this level as the bulls were at a disadvantage with a lower open, yet were able to fight back and close higher. Today, price has broken a support level provided by the top of a prior gap down. The bottom of this gap held so far today. No recommendation Momo, Inc. operates as a mobile-based social networking platform. The platform includes Momo mobile application and related features, functionalities, tools and services that are provided to users, customers and platform partners. It offerings includes live video, value added and mobile game services. The company was founded by Yan Tang, Yong Li, Xiao Liang Lei and Zhiwei Li in July 2011 and is headquartered in Beijing, China.
CAPITALCOM:MOMO
by lauralea
ABC BullishMOM broke out from an inverse head and shoulders pattern a while back. MOM reached targets and then pulled back forming an ABC corrective pattern in the process. Possible stop under C. MOMO has struggled with the rest of the market, but has not lost too much ground in the last wek or so. Level A is placed at the bottom of the impulse wave, or leg up. The top is B. The corrective move down is the BC leg and C is at the bottom. Sometimes C is not C and the security can go lower. The auto-fib indicator on here can help you guess if C is C. The 0 fib level will be at C. It is also possible you are looking at a double bottom (or triple bottom etc) if C ends up close to A. If C goes below A, you are not looking at an ABC corrective pattern, but possibly another harmonic pattern or simply a security trying to find a bottom. The target for this pattern is D. Targets are calculated using the AB leg and fib levels. There is always the possibility of a pull back before reaching those targets, as price can pull back at D (the target for an ABC pattern)and go in to another harmonic pattern like a gartley pattern. In this case, that level where the pull back occurred can be C of another harmonic pattern. There is just not way to know what the market will do. If it is a simple ABC pattern, long entry is a break of the BC leg with an uptrend. Stop goes below C. No recommendation If you practice something over and over, most will succeed. I would choose being kicked by someone who practiced 100 kicks once, than by someone who practiced 1 kick a hundered times. In reality, I would choose not getting kicked at all!
NASDAQ:MOMO
by lauralea
What a major bottom looks like: MOMOIn the last 6 - 7 years the $16 handle represented significance in both supply and demand. Inverse head and shoulders patterns are common major bottoms. The neckline represents historical supply where price has difficulty getting above, because buyers aren't yet motivated enough to hold through those price levels. A catalyst is needed. An example of one that hasn't yet been resolved is the chart below: Once price gets above this level (neckline) the path of least resistance changes, and sellers are no longer motivated to keep selling. What we're seeing with MOMO is not an inverse H&S pattern, but the dynamic between buyers and sellers playing tug of war between a price level is no different. In the last week the path of least resistance is now in the buyers hands, as long as price stays above 16.
NASDAQ:MOMOLong
by Lanmar
7
MOMO INC - Incerted Cup & HandleInverted CUP & HANDLE One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend. Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade idea. After the cup forms and the beginning of a noticeable handle takes shape, begin to monitor trading volume closely. You might observe a steady, daily drop in volume that could potentially indicate the end of the handle’s formation is near.
NASDAQ:MOMOLong
by sureshsehrawat