For a company that's pretty much like NFLX but available only in China and for their huge population, it's very undervalued at it's current price. While it might not reach as high in valuations as NFLX, it's still worth more than $50 a share. My sentiments on this is bullish for long term. And for the short term, it's as the title says. I feel it's very coiled as people kept selling on tariff war talks when said tariffs have no effect on their revenue. As such, it can easily have a nice jump up past $30 within the next few weeks.
Disclaimer: I consider myself to be between amateur and intermediate in terms of trading knowledge. So please take my thoughts above with a grain of salt as they are my opinions and as such, are not facts.
Disclaimer: I consider myself to be between amateur and intermediate in terms of trading knowledge. So please take my thoughts above with a grain of salt as they are my opinions and as such, are not facts.