Chartoholic

Weibo is looking interesting after retesting major support level

Long
NASDAQ:WB   Weibo Corporation
WB pulled back in a descending channel and retested major support level. Long the break out of the channel, targets and anticipated price action is shown on the chart, stop loss at 45$ or daily close below 200 MA depending on your risk appetite. It worth to note that this idea could be impacted by the tension b/w US and China.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!

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