JOYY Inc. (YY) operates social media platforms that offer users engaging and experience across various video and audio-based social platforms.
The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as live talk with other users, make video calls, and watch trend videos; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls, text messages, and photo and video sharing.
It operates in the People's Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, and Southeast Asia and others.
Shares have formed a bullish "pennant" after Chinese government reported a $1.5 Trillion infusion of cash and tax breaks for her tech companies. Shares closed at their 50-day moving average. Higher share prices are expected for this stock.
Entry Point: $42.00
Stop Loss: $40.00
Trading Range: $23.14 to $112.37
Target Price: $47.00