UnclePennybagss

Watchlist 2023-05-16 $AI $BIDU $HUYA $HD

NYSE:HUYA   HUYA Inc.
SPY continuation to tighten between 409.30 and 414 as investors await critical debt limit talks and the release of retail sales data, both of which would offer valuable insights into the state of the economy. The first close on the hourly past these levels might give us an indication of which way the market wants to go, until then, no directional bias.

For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900

AI - Impressive rally after PD earnings. Sellers were squeezed completely out of this name it appears, having one of the highly shorts floats in the market at 35%. Looking for either a bounce trade near the inflection of BO support. Or if it is strong off the open, there is an opportunity for a scalp long over the PM and PD high at 24.35.
Support 22.0
Resistance 24.35
Inflection 22.0

BIDU - First-Quarter Profit Helped by Higher Revenue, Fair-Value Gains. Earnings of 30% higher QoQ and 9% higher YoY. Appears to be finding some support at the res of the range at 125.70. If we can trade through this easily off the open, there are signs of continuation. However, the PM is now looking like some profit taking is occurring so be cautions of this name.
Support 125
Resistance 129
Inflection 125

HUYA - Revenue Drops but betas estimates, Q1 Adjusted Earnings Rise 300% over estimates. If HUYA can hold/reclaim the PD high of 3.50, longs are in play. Res. At 3.80.

HD - short under 280 - Lowers Fiscal 2023 Outlook on Continuous Softening Demand as First-Quarter Sales Miss Views

Let me know what you guys are looking at in the comments!

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