IF it can clear 200 DMA overhead, can soar to 8.
Upside targets: 4.26, 5, 6, 8
Still plenty of time to get in. Let's see what happens tomorrow.
Long half position from 3.3, stop loss around 3.50
Looks like a double bottom to me.
All Chinese stocks are going to bounce eventually.
Isn't this one a Chinese Twitch and China is one of the largest video and gaming streaming markets in the world?
Seems like a buy and hold to me.
In my opinion Huya could be a big Trade in the next weeks/months.
Reasons:
-The Gaming/E-Sports Streaming Industry is set to triple in the next two years
-The Interest on Wallstreetbets is growing
-Technically it seems to have a trend reversal
-if the merger with Doyu happens they have a complete monopoly (also a risk because of the Chinese government)
-the...
HUYA Already confirmed the "Rising Triangle" pattern at $22.50 .
HUYA buy zone : $23 - 23.20 (or any) .
HUYA target : $28 +- $0.5
Stop loss : 10% Or options vs your position.
Wish you good deals !
