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Bilibili (BILI), a member of the growing streaming services group, provides an online entertainment platform serving young generations in China. The platform covers a range of genres and media formats, including videos, live broadcasting, and mobile games.
Technically speaking, the stock is climbing along its rising 9 and 20ema. Momentum is bullish. Breakouts on higher volume are persistent.
China Streaming Services Companies
Hot new IPO iQiyi (IQ), the Netflix (NFLX) of China, is surging higher over the past few weeks. For the past three sessions, IQ is consolidating those recent gains. Traders looking for an entry might be presented with an opportunity sooner rather than later.
YY spinoff Huya (HUYA) and Momo (MOMO), a China streaming stock veteran, have also been rallying in recent weeks. Keep an eye on all of these stocks, as they have been running as a group.
BILI, IQ, and MOMO are higher in early trading.
Additional stocks showing relative strength yesterday. AMD, CGC, NFLX, ROKU, TEVA, TWTR. Focus on these names while the market consolidates recent gains.
Tune in today as we discuss these and other opportunities during the daily LIVESTREAM broadcast.
Vinny
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