Tuya Inc Bullflag On the 3W we identified a beautiful bullish flag formation.
Price has successfully broken out and sailing
We anticipate price to deliver a 300% return from breakout level.
Target is set at $7.50
Lets see!
TUYA trade ideas
This Penny Stock Is Growing!NYSE:TUYA (Tuya Inc.) is one of the fastest growing Penny Stocks in the markets right now. With its last earnings report giving us a 100% surprise I wouldn't be surprised if this penny stock more than doubles it's share price. Always be wary when playing with penny stocks, penny stocks are highly volatile and usually aren't good long term investments.
TUYA short term cash grab, even after a big spike today?I meant to publish this last night and wow did I mess up in not doing so, because as of this second it's up like 14% today. Still, I think there's more room to run but I couldn't blame you for waiting for a down day like *ahem* TOMORROW. In fact, do that, wait until tomorrow. If I could somehow save this write up and auto-post it after tomorrow I would because the risk/reward is much better. As you can see it's fallen and spiked up each of the last 3 earnings reports and considering the recent tumble I think it's setting itself up to do that again. MACD and OBV both are showing bullish divergences to reinforce my thinking that this will go up. MFI indicator is also in oversold, although that doesn't seem to mean much for this individual stock.
So yeah, I'm going long on something! Maybe. I really do hate buying after a 14% spike up day when the profit margin is 30-50%. Either way, I like the trade, but I like the risk/reward a whole lot better if you'd get in after what I am assuming will be a down day tomorrow. Tight-ish stop losses on longs right now because Mr. Market has his bear suit on and is going around terrorizing stocks. Rawr!
Down on Tuya. TUYAWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
trade ide: TUYAPossible swing trade idea.
Falling wedge.
RSI looks oversold and to have bottomed out and shows a small sign of a possible bullish divergence.
Big volume bar that appeared showing someone is buying this dip.
Pt 1: 9
Pt 10.
Tuya Inc. Announces US$200 Million Share Repurchase Program!!!TUYA: Tuya Inc.
2021-08-30 06:30:00
Tuya Inc. Announces US$200 Million Share Repurchase Program
$TUYA can rise in the next daysContextual immersion trading strategy idea.
Tuya Inc. engages in the cloud and application development business.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $26.00;
stop-loss — $23.26.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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