Asset and Time frame -DOYU, Daily chart Entry Price -12.00 Exit(Stop Loss) -10.82 Exit(Take Profit) -15.64 Technical Analysis -Price has reached a significant support line and the bottom of the descending channel, also daily RSI has made a "double bottom" and price action made a lower low,on the weekly chart we are "sitting" on the 50MA I would like to hear...
Nice upward trend off a nice bounce. Hopefully next week will cross into forecast zone.
Shown on the weekly, breaking out of the descending trendline.
This is a good time to get in for anyone that's bullish on gaming and streaming in china. Incase you are unaware there is a merger that is happening with huya and TenCent owns a significant portion of HUYA and DOYA. due to the antirust monopoly policy from china there was some scare that may effect this merger causing this stock to drop, but imo it caused this...
DOYU bounced off shelf on VP looking to head bac up towards current POD on VPVR
HHHL Y1<Y2 + got power up strong uptrend WHOG @ 1 no reversal signal yet wait for W&R TP @ 20.4 SL @ 12.6
Combo 13 at the 200 day MA. Business is streaming service in China. I don't own but looks like a good long trade
Looks like a base is in and with some convergence of the ascending and descending trend line around the fib, the move over should be big.
Once the little gap is filled we go up. $14 is the buy Area
Seems like it is consolidating which could be a good buying point. ARK invest is buying this company as well. Must be for a really good reason. Considering getting in. Not a financial advisor.
I did this when very tired so not 100 per cent sure, but looks to me like a nice uptrend that has potentially been broken and will likely be re-tested. Plus we see here a resistance - support flip that is now being tested. First test is best test. I will monitor this closely and look for continuation. It's worth noting the lack of chart history here and this...