3 key points in Huya graph:
1- After a clear swing failure pattern under 12$ ( ipo price) , Huya return in a probably accumulation range and show an Higher high (30.62$).
2- Huya return in trading range and retest a weekly OB at 18.54$ with strong reaction.
3. Price does a break up of trading range and retest the R/S flip.
In my opinion seems a good buy zone in combo with foundamental analysis at this level , the alternative is the test of the prior weekly OB at 23.15$ . Stop loss in both cases under swing low at 18.14$.
Disclaimer: All writers opinion are their own and do not constitute financial advice in anyway whatsoever.
1- After a clear swing failure pattern under 12$ ( ipo price) , Huya return in a probably accumulation range and show an Higher high (30.62$).
2- Huya return in trading range and retest a weekly OB at 18.54$ with strong reaction.
3. Price does a break up of trading range and retest the R/S flip.
In my opinion seems a good buy zone in combo with foundamental analysis at this level , the alternative is the test of the prior weekly OB at 23.15$ . Stop loss in both cases under swing low at 18.14$.
Disclaimer: All writers opinion are their own and do not constitute financial advice in anyway whatsoever.