YY share could exceed the symbolic threshold of USD 55.

The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. The profitability of the company's business remains good. The high levels of valuation show the interest of investors for this security.

Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward USD 55 resistance and would give a strong buying signal if the crossing is confirmed in daily closing.

Exceeding the technical line at USD 55 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of USD 62.5 (swing effect). If investors reduce long-side exposure for profit-taking, a bearish trend would happen below USD 55 and so this strategy would be invalidated.