iDreamSky Technology Limited, through its subsidiaries, licenses and
operates single player mobile games and mobile online games in the
People’s Republic of China. The company operates casual games, such as
Temple Run and Subway Surfers endless running games; Three Kingdoms of
Fruits, a role-playing game; and Fruit Ninja, a reflex game, as well as
racing, shooting, puzzle, and other genres of the game. It also licenses
and operates mid- and hardcore mobile games, including Fire over Sky
and Three Swordsmen role-playing games; and Story of Beauty, a card
game, as well as action role-playing games, strategy games, and action
fighting games. The company distributes games through in-game cross
promotions, self-operated iDreamSky Game Center, and uu.cc Website, as
well as through its proprietary distribution channels and third-party
channels, such as app stores and device pre-installations.
Take a look at the 1-year chart of iDreamSky (NASDAQ: DSKY) below with the added notations:
After DSKY broke its $15 support (red) in January the stock fell all
the way down to $7. From there DSKY has rallied over 100 percent, while
also forming a key level at $12 (green). With the stock sandwiched in
between those levels DSKY should provide a solid trading opportunity one
way or another.
The Tale of the Tape: DSKY has a key levels at $12
and $15. A trader could enter a long position on either a pullback to
$12, or a break above $15, with a stop placed under the level of entry.
However, if the stock were to break back below $12, a short trade could
be made instead.
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