This week MEM TV surged into the spotlight, providing traders with the perfect opportunity to take advantage of a bullish technical setup. The surge was accompanied by high volume and strong momentum, indicating that the stock is likely to remain bullish for the foreseeable future.
Recent news regarding the company is complimentary of its recent bullishness. Located in China, MEM TV recently announced a strategic partnership with Phoenix TV, a leading television channel in the country, to bring interactive shopping experiences to the platform’s viewers. The partnership is expected to bring an influx of viewers to its platform, generating potential revenues for MEM TV.
In addition to the partnership announcement, MEM TV also announced that its Joker TV service will be available to international viewers for the first time. This will enable millions of viewers outside of China to have access to the company’s content.
This news is particularly exciting for traders looking to capitalize on the stock’s newfound momentum. With high volume and strong momentum, MEM TV has become the perfect setup for bullish traders. Existing positions should be protected from potential losses due to its overall bullishness.
The good news of MEM TV’s partnership and international expansion has been more than enough to spark market excitement. Traders shouldn’t miss out on this opportunity. The combination of the favorable technical setup and the company’s news makes MEM TV an attractive buy!