Weibo WB Cup w/Handle Base

WBWeibo (WB), considered the Twitter (TWTR) of China, is in the process of forming a first stage cup with handle base. Volume has been well above average up the right side of the cup, and is drying up as the handle forms.

Weibo has been posting impressive sales and earnings growth. Sales have grown over 40% in the past two years, and earnings have accelerated over the last three quarter from 150% to 350%. The company has handily beaten analyst estimates by 10% and 60% over the last three quarters, and analyst expect the company to continue to grow sales and earnings by at least 30% and 80% over the next three years respectively.