OnlyFibs
Oct 11, 1:03 AM
$TME | BULLISH SETUP 🐂
⭐ Setup Quality Grade: B
📌 Grade Justification:
• Profitability: Top 15th Percentile (~
$380M Q2 net profit, 44.2% gross margin).
• Revenue Growth: Top 45th Percentile (+5.8% YoY Q2 revenue to ~
$1.32B).
• Options Flow: Moderate Ask Sweeps (Selective accumulation at base).
• Technical Setup: B+ Grade Cleanliness (8H descending wedge compression; RSI curling up off oversold).
• Wall St Target: +25%–50%+ Upside (
$10.00–
$12.50 consensus targets).
🏢 Profile: Chinese digital music streaming leader (QQ Music, Kugou) with a fortress balance sheet (
$6.5B+ cash/investments).
📉 Setup: 8H descending wedge coiling tight at
$7.95 spot!
🎯 Levels:
• Bulls: Hold
$7.80 & claim
$8.50 ➡️ Targets:
$10.00 /
$10.36.
• Bears: Break under
$7.40.
#TME #options #trading #hovdid
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