Weibo.

The company

Weibo is a leading social media for people to create, share and discover content online. It combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

It is a good pick WB?

Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), Gave his results for the third November 11, and we can find these important points:

• Net revenues were $607.4 million, an increase of 30% year-over-year or an increase of 23% year-over-year on a constant currency basis [1].

• Advertising and marketing revenues were $537.6 million, an increase of 29% year-over-year.

• Value-added service ("VAS") revenues were $69.8 million, an increase of 42% year-over-year.

• Income from operations was $213.0 million, an increase of 32% year-over-year, representing an operating margin of 35%.

• Net income attributable to Weibo was $181.7 million and diluted net income per share was $0.78.

The report was important and good, but the company is affected for the regulation of the China Government in the sector of FINTECH.

Technical Analysis

Weibo has had a rough year, the Government of China has complicated the stability of the technology sector with some sanctions and restrictions and the way they make money and all those kinds of problems have a considerable impact on technology companies, July 12 the quote turned into a downtrend and right now the price is close to breaking the last Fibonacci support at $ 42, RSI shows us that it is difficult to achieve a change and find an uptrend for the next two months, it has been oversold for now 2 months. The price could range between $ 42 and $ 45, although it could fall and take a position near the support at $ 37 and lost 22%, because on October 12 the SMA50 crossed the SMA200 making a death cross, which consolidated a bearish with stronger forze.