Generation Z lives in a internet connected world the time they were born. They are heavy users of social media, apps and live streaming, a business that many tech/gaming companies are after.
Momo with a Tantan app is like Tinder in the US except this caters for the Chinese market.
We can see from chart, it has broke out of the bearish trend line with a nice descending wedge pattern within.
I am awaiting for it to retrace a little before taking a long position.
Momo with a Tantan app is like Tinder in the US except this caters for the Chinese market.
We can see from chart, it has broke out of the bearish trend line with a nice descending wedge pattern within.
I am awaiting for it to retrace a little before taking a long position.
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Hmmm, it might retrace back to the 16.69 support area (hopefully not below) before we see a rebound. Be patient and be flexible. Just because price breaks out from bearish trend or a wedge does not mean it has to follow a certain path. It does for a while as you can see from chart before it decides to take its own course. We always respect Mr Market and trade according to what we see on chart.
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Time to add more...
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Praise the Lord, our rewards come last night with a nice jump
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we added more last night