Long Position on YALA @ $18.25 on 1/21/2021 (Momentum)

Yalla Group Limited (YALA) operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region.

The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. Voice chats are more suitable to the cultural norms in MENA compared to video chats.

The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other.

The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. In-game real-time chats and Ludo chat room functions are popular social networking features among users.

Through close attention to detail and localized appeal that deeply resonates with users, Yalla's mobile applications deliver a seamless user experience that fosters a loyal sense of belonging, creating a highly devoted and engaged user community.

The company was formerly known as FYXTech Corporatio.

After a strong increase in earnings, this stock should be heading higher out of its "bullish wedge" formation.

Entry Point: $18.25

Stop Loss: $17.35

Trading Range: $6.26 - $23.18

Target Price: $20.00

Updates

1/25/2021 9:51:57 AM

YALA closed at $22.50

Position closed on 1/25/2021 at price of $22.50 with a 23.29% gain in 4 days.

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