Recently we saw Chinese streaming media company YY Inc. $YY complete a rounded bottom. This gave us a bullish outlook on YY.YY Inc. (YY) - Completes Rounded Bottom After Positive Q4 Earnings Report (3/6)YY Daily Chart(click to enlarge)Bullish Breakout after Pullback:- As we can see on the daily chart, price completed a rounded bottom at the start of March.- Then, price pulled back. But during this pullback, price held above $70 and essentially respected the price bottom as support.- Then, the subsequent rally broke above the next key resistance, which was a falling trendline.- Note the increase in volume during these breakouts.- As we can see on the weekly chart, there is going to be potential resistance in the wide range between $90 and $100. - On average therefore, the current bullish outlook should be limited to around $95. I think price will consolidate around here for a while before the next directional swing. Choppier Upside?- The bullish swing in 2017 was sharp. We should NOT expect this type of pace in the next bullish phase. - I believe it will be more choppy. With this consideration, I think there is downside back towards $80 if price indeed retreats from the $95 area. YY Weekly Chart(click to enlarge)