Last time we looked at MOMO, we noted a double top, but also suggested that it might be a good buy-on-a-dip candidiate. The market did not wait for price to fall towards where we anticiapted support.MOMO Daily Chart(click to enlarge)Support:- We did mention that the 200-day simple moving average (SMA) was one of the support factors, and the market rebounded after testing it as support.- Also, price action in this past 2 weeks have been a V-shapre reversal. - These are signs that MOMO might be developing a bullish continuation. - Let's see what happens at 40 first. We can anticipate some resistance, but if price can hold above 36.30, we should still anticipate the upside.