Long
YY earning gap to 0.618+AB=CD, and potential bat pattern
YY 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!
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!
Note
Heading to the bat yo!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.