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WUBA NEWS why is 58.com Inc. price falling or rising

WUBA NEWS reasons for why stock price of 58.com Inc. is falling or rising

WUBA 58 Com is falling or rising technical reasons

Technical analysis forecast of 58 Com Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in 58 Com WUBA at this time. Stock is rising and might rise more.

It appears as if 58 Com WUBA gave a large move recently.

Stock of 58 Com (WUBA) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for 58 Com is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 55.9, for a target of 55.8 or 55.66

WUBA 58 Com is falling or rising NEWS fundamental reasons

More announcements and NEWS

WUBA 58.com Inc. current price & indicator signals

Moving Averages for 58.com Inc.

  • 5Day Average: 55.72
  • 12Day Average: 55.7
  • 20Day Average: 55.69
  • 50Day Average: 55.47
  • 100Day Average: 53.65
  • 150Day Average: 53.12
  • 200Day Average: 55.66

WUBA Indicators & signals

Indicator MACD (12,26,9)

55.7, 55.62, 0.12
Indicator MACD is in positive zone

Indicator ADX (14)

6.67, 26.67, 23.33
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WUBA 58.com Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Thu Sep 2020 55.88 55.59 to 55.94 0.32% 5.62 times
16 Wed Sep 2020 55.70 55.65 to 55.78 0.05% 2.06 times
15 Tue Sep 2020 55.67 55.66 to 55.75 0.02% 1.28 times
14 Mon Sep 2020 55.66 55.61 to 55.74 -0.02% 0.91 times
11 Fri Sep 2020 55.67 55.60 to 55.80 0.02% 0.55 times
10 Thu Sep 2020 55.66 55.57 to 55.76 -0.07% 0.8 times
09 Wed Sep 2020 55.70 55.55 to 55.86 -0.09% 0.7 times
08 Tue Sep 2020 55.75 55.42 to 55.87 -0.18% 1.32 times
04 Fri Sep 2020 55.85 55.35 to 55.91 0.58% 0.94 times
03 Thu Sep 2020 55.53 55.43 to 55.65 -0.25% 0.8 times
02 Wed Sep 2020 55.67 55.40 to 55.83 -0.04% 0.64 times
01 Tue Sep 2020 55.69 55.46 to 55.77 0.6% 0.9 times

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WUBA NEWS why is 58.com Inc. price falling or rising

 

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