Weibo (#WEIBO) weekly uptrend opportunity based On 1 Lot Calculation:
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Weibo is a social media platform that facilitates creation and distribution of Chinese language contents. It also enables advertising and marketing customers to promote their brands and services to users. As of December 2021, Weibo has reported 573 million monthly active users. This makes it the second most used platform in China, behind only WeChat, which has 1.2 billion monthly users. However, Weibo has 248 million daily active users, the highest in China.
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WEIBO BUYS BACK SHARES WHILE STILL CHEAP?: Share Buyback Announcement - Weibo recently announced that it will be buying back its shares, at the value of $500m. This is exceptionally positive, as the company believes that its stock is undervalued at the moment.
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US STOCK EXCHANGE DELISTING RISK REDUCED: The Chinese Government has announced that it will remove a key audit hurdle for foreign auditors, which eases concerns of delisting Chinese companies in the U.S.
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NEXT: CHINA AUTHORITIES TO SOON END THE TECH CRACKDOWN. Recently, the Chinese government announced that it will loosen regulation for the technology sector in China, and has urged its investment funds to buy and support stocks within that sector, creating a favorable environment for Weibo to grow further.
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ANALYSTS OPINIONS: Jeffries has a price target of $58, Bank of China target is $55.20 while Credit Suisse is targeting $40. The Bloomberg Analyst Consensus has an average price target of $38.45.
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STOCK PRICE ACTION: Weibo stock price reached a record high of $142.12 in February 2018. Since then the stock price fell 81%, trading at $26.70. If a full recovery follows, the stock could increase by around 432%.
Weibo, April 04, 2022
Current Price: 26.70
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Weekly |
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Trend direction |
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44.00 |
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38.60 |
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34.00 |
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20.50 |
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18.50 |
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16.50 |
Example of calculation based on weekly trend direction for 1 Lot1
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Pivot Points |
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Profit or loss in $ |
17,300.00 |
11,900.00 |
7,300.00 |
-6,200.00 |
-8,200.00 |
-10,200.00 |
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Profit or loss in €2 |
15,750.47 |
10,834.14 |
6,646.15 |
-5,644.68 |
-7,465.54 |
-9,286.40 |
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Profit or loss in £2 |
13,104.57 |
9,014.13 |
5,529.67 |
-4,696.44 |
-6,211.42 |
-7,726.39 |
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Profit or loss in C$2 |
21,720.50 |
14,940.69 |
9,165.30 |
-7,784.22 |
-10,295.26 |
-12,806.30 |
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1.00 lot is equivalent of 1 000 units
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Calculations for exchange rate used as of 12:00(GMT+1) 04/04/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Client Manager for more detail