$112 target per P&F. It's very bullish, not just a double top.
YY is waynundervalued. PEG is only .36 and average industry is 1.36
They have been pushing it down but funds see value & load up. Great longterm hold. China is growing. See Sanghai index up again today .8%
China eCommerce & Internet are the place to invest. Read comments from Robin Li of BIDU. Article can be found under yahoo.
NASDAQ short term overbought . GPRO also more overbought. Some profit taking is healthy. It went up about 22% in 4 days. 3 weeks ago was $37.5, that's about 50% price increased.
RSI is 81.47, extremely overbought. People want to lock some profit. For long term investors , be patient,
Go to seekingAlpha website. Click on breaking news, not long ago.They have summary of BIDU Google glass rival. Wow, you will see. Clear to me that BIDU is a great investment next 5 year, better than GOOGL?
Also AH, there is news about BIDU Connect.
That key support was a great entry at about $73. B/o to $87 & ready to go higher. We need to protect our systems from Ruissia to take our infrastructure & financial systems down. The damage will be worse than we can imagine.
Never know Chinese stocks. Only 7% of Chinese own cars not in our country over 80%. still a lot room for expansion. Just move up slower is better. StocksTwit posted about merger ATHM & BITA.
Thank you so much for taking time to write such a long message. I see the potential H&S like you posted. It's way way overbought & way far from all MAs. Unless it 's a cancer cure or something, price can continue to move in a big way. $43 for less than 2 months ago & $53 just first week of this month. I have been swing trading this since $33. Chasing here is dangerous & we need to be disciplined. I know quite a bit about Chinese stocks & fundamentals do not support the price.
You know options very well. Your post helped me to see more facts. Baron or Market watch wrote an article a couple of days ago saying Chinese stocks are being manipulated so we need to understand that. So they push prices up in this case. Scary!
I see ATHM followed BITA too but weaker.
Thank you again & good luck.
By the way YY ready to b/o. They have been trying so hard to keep price under $91. maybe they will manipulate this one next to the upside. I can only use the chart. FA is very good, so cheap, PEG only .35
Leader in what? It is so so expensive, P/S is 33.2. One of the most expensive P/S in the market. They just have a website for people to market and buy cars. !!! All about manipulation. VIPS BIDU are leaders in their space. YY is so cheap and great great growth. PEG is only .35
I happy for you that you have a good friend Cle.
BITA just a website, not like TSLA, BABA can compete easily.
BITA does not have the fundamental to support the crazy move. This is unusual to me. When there is no fundamental to support the high flying stocks then they can drop quickly too.
You see a H&S pattern but also options with higher prices. Interesting.
How about ATHM? What's your opinion.
Yes. YY is so undervalued. PEG only .35, the cheapest tech growth stock out there. Even a bad tech had PEG 1.2 or so. Fair value 3 times more.