OnlyFibs
$TME | BULLISH SETUP 🐂
⭐ Setup Quality Grade: B
📌 Grade Justification:
• Profitability: Top 15th Percentile (~$380M Q2 net profit, 44.2% gross margin).
• Revenue Growth: Top 45th Percentile (+5.8% YoY Q2 revenue to ~$1.32B).
• Options Flow: Moderate Ask Sweeps (Selective accumulation at base).
• Technical Setup: B+ Grade Cleanliness (8H descending wedge compression; RSI curling up off oversold).
• Wall St Target: +25%–50%+ Upside ($10.00–$12.50 consensus targets).
🏢 Profile: Chinese digital music streaming leader (QQ Music, Kugou) with a fortress balance sheet ($6.5B+ cash/investments).
📉 Setup: 8H descending wedge coiling tight at $7.95 spot!
🎯 Levels:
• Bulls: Hold $7.80 & claim $8.50 ➡️ Targets: $10.00 / $10.36.
• Bears: Break under $7.40.
#TME #options #trading #hovdid
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