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Daily Stock Report: Is YALA a buy right now?

Yalla Group, a social media and entertainment platform based in the United Arab Emirates, went public in October. It’s correcting after rallying to a post-IPO high in December. It’s currently getting support along its 50-day moving average but is not yet forming an identifiable pattern. Earnings and sales growth have been strong, a good sign for continued price appreciation. Watch for the current downturn to take shape and present a buy point.

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Kate Stalter is a widely acclaimed financial author and investing expert for U.S. News & World Report. 

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