$YY is an internet services platform in China which is somewhat no more than a large social platform such as Facebook. I believe it has broken down from a large head and shoulders top and offers opportunity for a long swing short. Target ultimately near $43 but this remains to be seen. The 20week SMA had been previous support and price is now trading below that, and the 50week sma. These should now become overhead resistance barring any changes in fundamentals.
It should be of note that YY saw it's earnings decline in spite of positive revenue growth during the past twelve months. Additionally, the average company in the Internet Software & Services industry also saw falling earnings albeit at a slower rate than YY.
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