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.
YY
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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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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Trump WeChat ban shouldn’t worry China tech stocksPowerful out performance in China tech unlikely to be undone by new Trump executive order
Chinese Social Media Stock JOYY... Major Breakout Target 1 is 89.
After that we're seeing new highs.
Chinese stocks are headed for a major bull market based on the consistency I'm seeing.
YY INC Stock NASDAQ -H1 Bearish Continue Rectangle & Short SetupYY INC Stock NASDAQ -H1 Bearish Continue Rectangle Formation and Short Setup
Description: FXAndalanBangsa found a Bearish Continue Rectangle formation on H1 Chart Timeframe.
Trade Period: Intraday Trading
Instrument: YY INC Stock NASDAQ
Time Frame: H1
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bearish
Trade Based On: The Bearish Continue Rectangle Pattern
Accuracy: %82
Recommended Lot Size: 0.05@ 10 K Account with 1:100 Leverage
Trade: Short
The Area Of The Entry: 65.35-66.35
Stop Loss: 67.75
Target 1: 58.30
You can follow the setup: Bearish Continue Rectangle Pattern
YY in the process of reversingA divergence of trend between RSI and price is forming on 1day chart. This is a bullish pattern. In the meantime, another bullish pattern appears on the 1hour chart, with price low becoming higher and RSI low keeping going down.
Currently, there's no buy signal yet.
YY - Increasing volumeChinese cellphone platforms:
Y Inc. (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company's segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. It owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company's YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan. Its product, YY Client, enables users to engage in live interactions online. Its Web-based YY enables users to conduct real-time interactions through Web browsers without requiring any downloads or installations.
Full retracement, when will Cboe VIX drop below 15-16?
YY
AMEX:CBOE
YY earning gap to 0.618+AB=CD, and potential bat patternYY dropped a lot after its ER, which actually beat analyst's estimate but still got sold off horribly.
Like the FB trade last time, it's heading to 0.618 after this earning gap.
This 0.618 also has an AB=CD combination, while there is also a potential bullish bat at 44 spot.
So I'll be looking for some reversal sign right here to see if there are buying opportunities here.
If not, next station will be the bat to make me interested in taking long position of YY.
Let's see how it goes!
YY bullish bat pattern long opportunityYY had an outstanding 2618 short off 121.8 previously, here it's forming a new bullish pattern.
China stocks bounced a little bit today, if it can give a intraday set-up to long, it's still a worth taking trade!
Let's see how it goes!
YY - Slaughtered after earningsThe fundamentals:
YY is a Chinese company with a popular streaming platform. Below is the summary of their latest earnings report:
YY reported revenue of $518 million, beating analyst estimates for $487.8 million and up 43% in local currency. It reported adjusted earnings of $1.72 per share, beating Wall Street's view of $1.52
With social platforms, it is beneficial to consider active user growth in addition to the top and bottom line. "Its monthly active user base for mobile livestreaming service rose 24% from the year-ago period to more than 77.6 million"
Analysts are optimistic about YY's future, with the majority upgrading to a Buy/Strong buy.
The technicals:
The run up to earnings set expectations far too high, and it is only natural that YY is seeing a massive 10% slump immediately after, even with a beat, similar to NVDA. It should be noted that with this slump, YY has underperformed QQQ YTD. 50&200EMA still indicates that the bullish momentum is there.
The play:
A good entry level is around $108, where the price seemed to settle before the massive run up to $124 right before earnings. Options buyers should wait for IV to settle down more before taking a position.
YY: Good valuation and fundamentals, great chart setup$YY has a great chart here, paired with very interesting growth potential, and current valuation metrics.
We're long and averaging into a long term position as well.
Best of luck,
Ivan Labrie.
YY - Continuation patternYY is a Chinese video social media platform, most prominently featuring video streaming. It has a massive user base (although many outside of China have never heard of it) with over 300M users and is rapidly growing.
After the most recent earnings report, price of the stock went from $140 to as low as $115 - and as far as I can tell, there was no "fatal" bad news. This dip is a good opportunity to buy in.
Looking at the chart, we can see that YY has been on a long bull run since the start of 2017. With the recent price action, it appears to be forming a flag - which is a continuation pattern. We should see the price test $135-$140 again very soon, and if broken, we may see another strong bull run leading up to the next earnings report (May 8). If it cannot break through the upper bound (or even breaks down), things will get a bit more interesting..
YY chart breakout to All Time highsWAtching this here for a break over yesterdays highs. the daily chart is a nice breakout to ATH. this one has room.
YY could be next china stock to breakoutChina stocks are hot right now. $bzun $$jd $wb $sina all having great strenght. $yy currently is consolidating in a nice flag and could run in sympathy and start to trend.
Quick Question: Are we closer to support or resistance?8-15 You tell me, are we closer to support or resistance here.
Next question, for support buyers where is support. I ask because its all you need to know.
Kinda reminds me of the NASDAQ 100 index here as well as TSLA
