MOMO trade ideas
MOMO Gains Traction BEFORE EarningsFundamental:
I studied the company and I like the its past history and it meets my fundamental parameters. Past history does not guarantee future results.
It is a Chinese-based company.
Technical:
The volume clearly shows big players entering the stock of this company. Its time to surf the wave up!
The price chart consolidated sideways with volume divergence.
Targets:
The targets on the chart are merely "areas of reflection" where I will PAUSE and re-consider the company going forward.
Overall Plan:
Hold for 3 months to 52 weeks
MOMOTime to back to this chart. I think we had enough time to rest and now we are ready to go up! Technical buy area over 36 if the volume will be good
Momo ShortMomo has a great rally after nice ER. The price has nearly completed an AB=CD. Enter a short position if the price fails to make new highs. Very good risk/reward ratios.
MOMONew Update. After good growth we have another point to entry or add on. I should fixed a half of the position, but it's special situation when my expirience tell my that this stock only just started to growth
MOMOI used this trade idea yesterday. You can see it in my russian version tradingview. Stock showed great sales growth over 500% in forth qoter. New historical high + resent IPO. Interesting thing that trade volume in earning realise day was over 70% from shares float. Strong signal to buy. And as wee can see it worked well
MOMO - Moving average powered Short set up from $16.87 to $13.63
MOMO rolling over very nicely with very good divergence moneyflow. Its very volatile & seems to have the power of moving average behind it. Looking a very good short setup
Trade Criteria
Entry Target Criteria- Break of $16.87
Exit Target Criteria- $13.63 or lower
Stop Loss Criteria- $18.37
Option: $17.50 Apr puts @ $2.6
You can check detailed analysis on MOMO in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 7:45"
Trade Status: Pending
MOMO - Long - Swing+ sidway price movement over the past weeks
+ broke out today with ultra high volume
+ closed near day-high
+ trend intensity is bullish
+ just bouncing off of the slow ema
+ fast ema is piercing into the middle of today's bar
MOMO Flag breakoutwill also be watching $MOMO to see if it can break out of the flag pattern sometime soon. Watchlist
$MOMO Long - ICHIMOKU Cloud
$MOMO Price action on the hourly has broken the Kumo Cloud upward
Chikou Span is above the current price action, although within the cloud
Price is above it's higher time frame 13-period EMA and above it''s current time frame 13-period EMA
Potential Short MOMO if reach $19, wait for PA for confirmationMissed a great chance to long MOMO after completion of ABCD.
If longed, that has been 130% gain... so many "what if" haha.
OK. the stock price seems to be in range since IPO. good to short at $19 (if it reaches and form the bearish butterfly). or Maybe it rally all the way up to $22.60 to form a bearish Crab instead. critical to analyze price action at $19 area.
