Xunlei Limited to print 300% extension?

This is a short term forecast between now and the year end.

On the above 2 week chart price action has corrected 80% from resistance to test support on past resistance.

Reasons to be bullish:

1) The next resistance confirms support (red circles).

2) RSI resistance breakout and support confirmation.

3) No share splits.

4) Off-Exchange Short Volume Ratio 29.83% ;-)

Is it possible price action continues to correct? Sure.
Is it probable? No

Ww

Type: trade
Risk: small market cap. Low exposure.
Timeframe for long: 3 days
Return: 300%

交易進行

Past resistance confirms support.
If you missed out on the QUBT trade, here is your chance.

註釋

Xunlei to Acquire Hupu

“SHENZHEN, China, Jan. 27, 2025 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”)
XNET
, a leading technology company providing distributed cloud services in China, today announced that it has entered into a definitive agreement to acquire Shanghai Kuanghui Internet Technology Co., Ltd., which operates Hupu, for a total cash consideration of RMB500 million, subject to certain adjustments. Hupu is China’s leading sports media and data platform. The closing of the transaction is subject to certain conditions and is currently expected to occur in the first half of 2025.”

註釋

50% so far

註釋

Ready for QUBT Mk II ??