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rellroad21
Jul 4, 2023 2:19 PM

Bullish on Huya! Long

HUYA Inc.NYSE

Description

As you can see, we have a nice cup and handle chart pattern. The cup base looks pretty strong at 12 weeks of formation. I'm expecting an entry at $3.89 if the vol is greater than 4M. I predict this stock will run up within the next couple of weeks. I'm expecting to take profits around $4.75 but I wouldn't be shocked if price runs up to 5.10 on really strong vol. My stop loss will be set at $3.59 (last support level) to manage a 8% loss if trend breaks. What do you guys think about this idea?
Comments
rellroad21
Thank you, I enjoyed it. I'm sure I will publish more in the future.
zAngus
Hello, well done on starting to share your ideas. We hope you enjoyed the process. Hope the trade goes well for you.

From mod @zAngus
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