MOMO Flat top Breakout in the Works

MOMO which recently had earnings and a nice reaction to it has consolidated for a couple days right at its yearly highs. Today we are breaking a key level that has been holding all year.

MOMO has a lot of things going for it.
Chinese Stock- Tons of momentum in this sector. HUYA, IQ and many others are really ramping this past month . the whole sector is on fire.
Great Daily range. - MOMO can move 5-7% a day it moves quick and can be explosive
Very liquid with VOLUME EXPANSION. The last week you have seen volume expand out of its normal range.

We should see a nice run in this maybe to 60 over the next couple weeks.