With continued relative strength in China stocks, I decided to take a stab at $YY here. If the stock loses $40, I will cut my losses. However, I’m looking for a quick move up to the 200 day moving average, taking this thing straight to $45. Take a look at the daily chart below, she’s just about ready to lunch:
Thoughts on CMCM? Looks to be sitting right at support.
Avoid for now.
Thoughts on Line $LN ?
needs to hold yesterday’s low or watch out.