Tuesday, June 8, 2021 3:18 PM EST
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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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
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