MOMO Momo

$MOMO is testing our patience more than our analysis at this point. Still hanging around the $4.80 area and refusing to completely fall apart. That is actually something I like seeing here. Technically, $4.80 remains the key support. A move back above $5.00 would make the chart look much healthier and could finally bring some momentum back. What makes the situation more interesting is the gap between the stock price and the actual company. Hello Group is still profitable, generated strong operating cash flow in Q2, had around $1.26B in cash and investments at the end of June, and continues buying back shares. Overseas revenue also grew 52% year over year. So while the stock price looks tired, the company itself is definitely not sleeping. Until then, we wait, collect patience points, and let MOMO decide when it wants to wake up 😄 Still optimistic. Still watching. Still here.