MOMO, is giving me FOMOUptrend is undeniable with this one, give me a small pullback so I can get a better deal, I'll ride you to 35.15 Bullish. UC.
MOMO trade ideas
MOMO potential slingshotI like MOMO for a nice strong move up to 160 region by early next year. Should mean that your favourite FANG stocks are about to take off...
Its quite interesting -- Momentum has NOT made a sustained breakout for around 2 years!, and has been basing for that time period. A breakout here is A BIG DEAL
Prev. bearish AB-CD pattern, C leg now resistancesI have no buying interest until a close above 48.50 on watch
MOMO - head and shouldersHorizontal S&R: $40 and higher below right shoulder
Channel S&R: yes, rising up trend.
MA S&R: above both 20 and 50
>200ma: yes
Volume confirmation: no
Candle Confirmation: no
Stoch Divergence: no
Reg Trendline > 85: yes
Short Float: 14%
Risk / Reward: 2:1
Zacks Rank: 3-Hold 3 Style Scores: C Value | A Growth | F Momentum | B VGM Industry Rank: Bottom 39%(156 out of 255) Industry: Internet - Software and Services
Also worth noting:
Bullish option play in Momo as shares see upside momentum Bullish option play in Momo as shares see upside momentum. The stock up $2.20 to $46.13 and 5K Sep 28th 48 - 50, 1X2, call spreads bought for even money. They bought 1, sold 2, and the ratio spread targets an 8.4% move to $50 through the 9/28 expiration in two weeks. The 50-level coincides with the stock price in late-June before a 25% drop to mid-August lows near $36.
Bullish CountGuppy EMA produced a bullish signal which could be an early indication of wave (3) rally is under way
Note wave C of (2) stopped at $34.8 which is near the end of wave 4 of (1) & also close to 61.8% Fib level
Alternatively, the existing A-B-C decline only represents sub wave A(or W) of the larger degree wave (2)
MOMO - Confirm on wave 1MOMO - retracted ear max fib at $36, beats earning beautifully and paid subscribers up over 40% with 20% higher forward guidance. Next target $58 or higher. Trade safely.
Momo (MOMO) stock price: a significant upside?Momo Inc. (MOMO) shares are trading at 41.20, up 5%. The company is reporting earnings on Wednesday, August 22. What's driving MOMO stock price? What's MOMO stock price 'forecast'?
Momo is a popular Chinese mobile dating and social networking company with a fast and profitable growth, strong track record, and a huge addressable market. Its market cap is $8 billion.
Earlier this year, the company acquired China's top dating app Tantan, the "Tinder of China," which seems to be a very promising acquisition. Despite the astronomical growth, Momo still has a Forward P/E of 12, at the low end of the P/E spectrum for such growth.
www.finstead.com
MOMO On Symmetrical Triangle Breakout Watch!Hello everyone. Today we have a Textbook Symmetrical Triangle on MOMO. And when I say textbook I mean, to the tee, check it out.
stockcharts.com
If this pattern holds true here then I would expect to see a run up to $59. Knowing MOMO this will happen quickly, historically when it gets movin, it moves quick! I assume it would be pretty safe to buy in here with a stop loss at or below the 50 day MA (blue line on the chart) or the lower trendline around $44. What are your thoughts? If you have any input feel free to comment and as always, make sure to like if you want to see more!
MOMO's breakout has been fun to watchIt's been fun to watch MOMO breakout from the massive 9 month cup with handle. Laying over the FIB fan you can really see how it makes moves and finds support at the key levels. Draw a fan from the cup's low to the cup's right side high and zoom in on the action that took place during the cup's right side formation. It is spooky how well it follows the FIB fan. So where will MOMO go next? I don't think it's going to fill in the breakaway gap. And since it's extended from it's 20 day and 50 MA I'd say it's going to wander sideways for a while between these key FIB levels looking for support; hopefully seeing $63 on 8/1.
MOMO pennant formingPlaying Trading Simulator Game:
Pennant forming.
Guessing it will climb in a couple days.
Warning: Overbought since 29MAY18.
Testing the Previous HighsOpening a window we are going to see whether the previous high will be a resistance. This will be seen at least. If broken...
MOMO Flat top Breakout in the WorksMOMO which recently had earnings and a nice reaction to it has consolidated for a couple days right at its yearly highs. Today we are breaking a key level that has been holding all year.
MOMO has a lot of things going for it.
Chinese Stock- Tons of momentum in this sector. HUYA, IQ and many others are really ramping this past month . the whole sector is on fire.
Great Daily range. - MOMO can move 5-7% a day it moves quick and can be explosive
Very liquid with VOLUME EXPANSION. The last week you have seen volume expand out of its normal range.
We should see a nice run in this maybe to 60 over the next couple weeks.
Do not miss the MOMO trainThis is the best time to long MOMO. Great fundamentals coupled with positive technical momentum that's been building up on the monthly. When Mr. Market realizes this stock is undervalued, it will surely be at least double from where we are today.
MAU, 103.3M (+18.1M Y/Y);
total paying users of live video service and value-added service, 8.1M (+1.1M);
total live video services revenue, $371.5M (+75%);
value-added service revenue, $37M (+62%);
mobile marketing revenues, $18.7M (+5%);
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