YY is ready to start moving aboveNASDAQ:YY
$YY broke the thend of falling and ready to start moving above.
Potential is 100% in perspective of 6 months.
$YY::$32.3->$63
YY trade ideas
YY earnings idea to $39This is for practice with my dowsing and intuition for earnings plays.
I saw the list of most anticipated earnings for tonight, so decided to let my pendulum choose which one may have a play. It chose YY, so here we are.
My intuition gave the signal for up with the number 17. A 17% move would take it to $39.27 from today's close.
My pendulum likes the number 39 as well, and it also gave me the points up option of $5.40. That, coincidentally lands YY at 38.97. The heavy emphasis around the 39 level leads me to believe it hits up there, but watch out on the 29th because I have that date coming in for a reversal to some extent.
One cool thing that happened during this reading was I was guided to the date of 3/17. I look at the chart and see that 1st qtr earnings were actually the 18th! I thought that was so cool, but I'm not getting that it's really relevant in any way I can figure out, other than maybe just as a demo of how there is intelligence behind this work. Like maybe it's a wink to say, "I know what you're asking about." Idk.
I haven't been aware of this before. Or, it really is relevant to YY's upcoming price action & I didn't get the correct info. Either way I thought it was really neat.
YY JOYY Options Ahead of EarningsAnalyzing the options chain and the chart patterns of YY JOYY prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
JOYY Ready to LaunchIt seems like we are at the dawn of a strong uptrend. Very cheap Chinese stock and has a huge potential in 2023.
Descending Triangle Price is below the support line. Price is also below the bands and this can cause a bounce, even if short term.
ATL IS 10.50. Price is at a 5 year low.
Some would wait for a 2 day close below the support line or a confirmed downtrend.
We are all different.
No recommendation.
CLOUD CHART
$YY Long - Ascending TriangleAn Ascending Triangle was confirmed by increasingly higher lows and constant highs within this pattern, This tells us that buyers are more aggressive than sellers, confirmed by a breakout through a resistance level to signal a continuation of the prior uptrend. The pattern formed over 13 hours and 15 minutes, which is a rough guide for how long it might take to reach the target price of 48.75 - 52.0.
Pull Back FishingSymmetrical triangle. Price is at the top trendline of the triangle which is resistance. The bottom trendline is support.
Neutral pattern until a trendline is broken with a trend in that direction. Price is pushed in to the nose of the triangle and price will eventually break one way or the other.
Similar to Bollinger band contraction. The bands are contracting but I forgot to put them on the chart )o: Price is being "squeezed" and will move up or down.
Earnings date is conflicting on the 3 sites I looked at and I can only be surmise that it is in March.
No recommendation.
The stock market is still less volatile than most romantic relationships (o:
$YY JOYY Inc Weekly Breakout PT's
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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Shoring YYYY is not doing so well. the stock is coming down on weekly bases from FOMO of $145.00 and it is out of mind of investors. Having said that, it has recently broken its mother of all resistance at 75. This stock recently moved from 65 to 70 dollars hitting its 5 and 15 EMAs.
The fundamentals are also nothing to write home about.
Here is how I am going to play this one out. I am shorting at 69.00 will cover half of my position at 65.00 and another half at 55.00 level.
I always play shorts with a conservative stop. Remember you can stay long for ever but staying short cost you money every day!
Best of Luck!
LOG YYThis Chinese stock has about 50 percent correction from its all time high. The stock has formed nice looking symmetrical pattern. I expect the stock to see short squeeze coming within the next few days, week, or two. I am long the stock.
Good luck!
JOYY Inc 🧙JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo Live, Huya, Likee, imo, and Hago. The company offers Live streaming platforms, Short-form video platforms, and other products. The company reports in two segments Bigo and All other. It has a presence in China; Developed countries; Middle East and Southeast Asia and others.
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YY Daily Trend Support BUY SignalDaily Chart long term support. A bounce and a new channel might be in the making.
Additionally, the company has good financial despite the slight miss on earnings.
Ticker YY.
Good Luck.
JOYY Inc ADR 🧙JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo Live, Huya, Likee, imo, and Hago. The company offers Live streaming platforms, Short-form video platforms, and other products. The company reports in two segments Bigo and All other. It has a presence in China; Developed countries; Middle East and Southeast Asia and others.
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YYMID-TERM: Bullish gartley with a double bottom off the 200 MA which is also the PCZ. Class B classic bullish divergence on 4hr/daily. (not financial advice)
Cup Up quite a bit today, possible pull back usually follows gains such as today..monthly and weekly candles appear with long lot wicks and no bottom wick noted..candles have both a bottom and a top wick at some point in their transformation..so if there is no bottom wick, look out for a bottom wick. If a candle has only a bottom wick and no top (Hammer, but a hanging man at the top so be sure) a top wick will come along and form.
Cup with no apparent handle..yet..
At this point this looks like an ascending scallop pattern. After break out, an ascending scallop pattern resembles the letter J. Beforehand it looks like a cup with no handle. Be warned this pattern usually comes back down to form a handle which often appears as another scallop. You can usually find a level of support but no true Horizontal consolidation zone (HRZ) that could be called a true handle. Two peaks with a rounded valley in between, like a cup. The right peak is usually a bit higher and definitely higher after breakout happens. Like the cup and handle pattern, targets are based on depth.
Most folks would wait until it pulls back to form the handle or another scallop on the pull back to buy but we are all different.
Not a recommendation
Analysis of a short entryThis is what would happened had I took a short on this stock as well. That is, I would be in a loss due to the stop loss being taken out.
So, you can see that the BBs knew most (90%) retail traders would place their SL slightly above the highest candle; (9 Nov 20 at 2230 hours) and take all their money.
Then, you wanted to follow through for a 2nd short but the market is just too fierce, tumbling down so hard and fast without a correction.....
In trading, you win some and you lose some. The important thing is your wins must be more than your losses so at end of day, you are still profitable. It is not about winning at EVERY trade just like this one.
Say you lost 50 bucks here , your next trade you have to find some good quality trades with high risk reward ratios that allow you to make 80-100 bucks or more to cover your first loss.
Hope this post-analysis is helpful to those who are still learning about shorting. I welcome any comments you may have.
