Weibo Corporation (wb) Chart Breakout

Discussion in 'Investment Charts' started by longtermbull, Aug 8, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    I was going to go into quite a bit more detail about WB but then I noticed yet more legal activity which is not help for the company or investors. However the graph for the "Chinese Twitter" looks very interesting and I have added a recent article link below:-

    [​IMG]

    Aug 7 2017 Weibo (WB) Stock Hits All-Time High Ahead of Q2 Earnings Zacks
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    News link does not work - seem to be on the up again?
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Still seems to be an awful lot of legal action centred around this company - never good for investors.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    While there is a lot of legal activity regarding conflicts with Japanese companies, Weibo has seen a huge pickup in activity in light of the ongoing contagious virus weeping the Far East. While this has not helped the share price as yet, could it be the sparkle of light that the company needs?

    Does anyone have an update on the legal action?
     
  5. Chartman

    Chartman Senior Investor

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    Over the last few weeks the share price has held rather steady especially when you consider the ongoing health issues across China, wider Asia and indeed the rest of the world. Might the shares be a buy on weakness? Is there potential to get anywhere near the recent high?
     

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