$HUYA is flagging and bounced nicely around .618FIB Level. Going Forward, this should act as key support. $HUYA and $DOYU are merging; since the news they lost around 15% and 19% respectively. This merge will create a platform with +300 million users and China´s biggest video game streaming platform. $HUYA will be the ticket that remains listed.
Also, the bill forcing Chinese firms to meet US accounting standards has affecting $HUYA. IMO the bill grants enough time for any Chinese firm to comply.
Stop-loss and targets are given in the chart.
Also, the bill forcing Chinese firms to meet US accounting standards has affecting $HUYA. IMO the bill grants enough time for any Chinese firm to comply.
Stop-loss and targets are given in the chart.
Comment:
Target 1: reached
Comment:
Target 2: reached
Trade closed: target reached:
All targets reached