Hello Group: Now May Be Its Time To Shine

Dec. 11, 2022 9:30 AM ETHello Group Inc. (MOMO)
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  • Hello announces a convincing earnings beat in Q3.
  • Shares spiked post the announcement due to the reopening of China post-Covid, live streaming growth and strong margin growth.
  • The rally has resulted in a crossover of the 10-week moving average above the 40-week counter path delivering an intermediate buy signal.
  • Looking for more investing ideas like this one? Get them exclusively at Elevation Code. Learn More »

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We wrote about Hello Group Inc. (NASDAQ:MOMO) back in September when we stated that the company's improving guidance could yet result in a bottom in the stock. Many times, bottoms get confirmed by a binary event such

MOMO Breaks Out Post Q3 Earnings Beat

MOMO Technical Chart (Stockcharts.com)


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This article was written by

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https://individualtrader.netMy name is Jack Foley and I primarily write and research investment commentary as well as trade the markets. I'm Irish but live in Madrid, Spain with my beautiful wife and 2 children. I believe to be successful at this game, one has to have real passion for the markets and be constantly reading and researching material. From fundamentals analysis to technical analysis, options or futures, income or capital gain, long term trading or day trading, there is something for everyone in the markets depending on one's respective goals. "Starting with the end in mind" is a great mindset to start your investment career with respect to ascertaining exactly what you want to get out of the markets. Write down what you want and how quickly you want it. Therefore depending on the capital you are starting out with, you will then know what levels of risk you need to take. Whatever doubt or query you may have, I'm here to help. Shoot me an email in the contact tab and I'll come back to you as soon as possiblehttps://seekingalpha.com/author/individual-trader/research

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MOMO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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