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Pocket Pivot Review - JD, MOMO, WTW 9-12-17

Chinese retailer JD had two 5-day pocket pivots as well as a 50-day undercut & rally. Clusters of 5-day pocket pivots are a sign of strength. Earnings and sales remain robust, group rank 7.

Mobile-based social networking platform MOMO looks due for another pocket pivot should it play catch up with the rest of the Chinese names that have already began to correct for their corrections such as BZUN and JD. You could buy it here using the 20-dema as a selling guide. Earnings and sales are soaring, institutional sponsorship has increased over the last 7 quarters.

Weight management company WTW had a voodoo pullback to its 10-week moving average. Volume has dried up over the past 4 trading days. Earnings have shot higher and sales are accelerating. 

We own a position in MOMO and WTW.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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