Long Position on BILI @ $29.00 on 3/23/2022 (Momentum)

Bilibili Inc. (BILI) provides online entertainment services for the young generations in the People's Republic of China. 

Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content.

The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.

On March 3rd, Bilibili reported a Fourth Quarter December 2021 loss of $0.65 per share on revenue of $904.1 million. The consensus estimate was a loss of $0.67 per share on revenue of $900.8 million. Revenue grew 53.6% on a year-over-year basis.

Shares have formed a bullish "flag" after Chinese government reported a $1.5 Trillion infusion of cash and tax breaks for her tech companies. Shares closed above their 30-day moving average. Higher share prices are expected for this stock.

Entry Point: $29.00

Stop Loss: $27.00

Trading Range: $14.93 to $129.24

Target Price: $35.00

Updates

4/4/2022 11:03:41 AM

BILI closed at $32.80

Position closed on 4/4/2022 at price of $32.80 with a 13.10% gain in 12 days.

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