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YY Inc Long (technical/fundamental idea)

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Hello traders!

“YY” closed at 177.04 as of Friday, March 15. According to Slow Stochastics, MACD and Fibonacci retracements, we can clearly see that “YY” has fallen into oversold territory, which could attract demand for shares and bring prices up; however, momentum, geopolitical risk and the potential U.S rate hike on March 20-21* could pressure stocks in general. Great entry price could come soon.

** tip: all traders should pay attention to technical analysis for entry and exit points as well as fundamental analysis to see the bigger picture.

Nota

As Predicted YY bounced from its support and heading towards its 140 resistance. Momentum might pick up

georgios212

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