XNET Has Potential To Double XNET 有翻番的潜力

。Xunlei (XNET $5) rocketed 210% higher on October 28 and 29 following comments by President Xi Jinping of China that were supportive of blockchain technology.  The move was accompanied with huge volumes on both days and is indicative of momentum.

。The company's main business are cloud based technology and blockchain technology. Both are hot and high growth sectors. Bitcoin bottoming should also help XNET price.

。XNET is a valued stock since it's book value is $5 and cash is $4 per share. Finance is healthy as it has almost no debt and current ratio is at 3.40. Analyst price target is $12.

。It only has 64 million share float. Institutions own only about 12% and as institution interest increases, XNET price likely move up fast.

。Technically it has retraced about 50% of it's recent rise to around 4.5 from 6.83 recent high. Its big move of October 28 and 29 with huge volume has generated good upside momentum. It's trends are up since it is way above 20, 50 and 200 day moving averages. It's band of support now is $4 to $4.5. Its near term resistances are $5.5 and $7.  Looking at its weekly chart, XNET's up move is just the beginning. It has the potential to reach $10 and $12 giving time. Good buy range for XNET is between $4 to $5.5.

。在中国国家主席习近平发表支持区块链技术的发展评论后，迅雷（XNET $5）在10月28日至29日飙升210％。这两天的飙升都伴随着巨大的交易量，这表明势头强劲。

。XNET的主要业务是基于云技术和区块链技术。两者都是热门和高增长领域。比特币触底也应该有助于XNET的价格上升。

。XNET是有价值的股票，因为其账面价值为5美元，现金为每股4美元。财务状况良好，因为它几乎没有债务，流动比率为3.40。分析师目标价为12美元。

。它只有6400万股流通量。机构仅拥有约12％的股份，随着机构兴趣的增加，XNET价格可能会快速上涨。

。从技术上讲，从近期高价6.83跌至4.5左右它已回撤约50％的近期涨幅。它在10月28日和29日的飙升及成交量巨大而造成了良好的上涨动力。它的趋势上升，因为它已经远远超过20、50和200天移动平均线。现在的支撑范围是4到4.5美元。它的近期阻力位为5.5美元和7美元。查看其周线图表，XNET的上升只是开始。它有可能达到10美元和12美元之间。 XNET的买入价可放在$ 4到$ 5.5之间。