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Weibo, excellent levels for buy opportunity of the Chinese Tweeter

Weibo forecast

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Stock forecast / Weibo.US / Our expectations

Longterm upward trend, the price makes higher bottoms and higher tops. Correction to levels of main diagonal support. The price is above 200/50 SMA. Above diagonal support. Break of upward flag formation and test of the break. DeM(14) - in zone of oversold and turning north direction.

Fundamental analysts: Country: China, sector: technology. For 4 year period net and gross revenues of the companies are ascending which shows stable capital investment and good return. Market cap 22.59 bln.$. The company does not issue a dividend. 30% of the company is owned by Alibaba which is using it for advertisement platform.

On the chart below we can see how the company performs against the US technology index Nasdaq and the Chinese benchmark Shanghai composite. The price of the company is better than the indexes in percent ratio, which shows appreciation of the stock against US tech.

Weibo vs Nasdaq vs Shanghai composite

At there chart we can see the stock movement against the tech giants: Facebook, Google, Twitter.

Weibo to Facebook to Twitter to Google

The last chart from our fundamental analysts is the financial results of the company. As we can see: progressive increasing of the revenue and the net income. The company does not have debt which makes her liquid and safe investment.

Net income vs revenue vs total debt

Alternative scenario: If the price breaks below the main diagonal support and make lower bottom, the positive scenario will be dismissed and the stock will enter in short-term downward trend.

SL: 95.00

Trader Bozhidar Arabadzhiev


 Varchev Traders

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