Shares of JOYY Inc (YY) have continued to grind lower in the last few months. The stock price topped out in January 2021 at $148.88. Since that high pivot, it has fallen sharply to its daily low today of $70.46. This collapse has brought its valuation back into reality, creating an intriguing investment opportunity.
When looking at the stock chart, investors should note the major support level approaching between $67.50 and $65.50. This chart level has epic support and will likely create a strong move up on JOYY. Look for JOYY to surge back higher off this level, potentially shooting as high as $100.00.
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