DOYU : Its Last two positive earning, and now cup without handle pattern. Nice breakout with high volume. DOYU has made some space in my portfolio. Swing trading Idea : Buy above $9.70 Stop loss : $8.45 Target price : $15.5
Added linear regression channel Added support/resistance notes
I know nothing about this company - but WOW do I like this chart. On the daily it just broke through a 2nd level resistance. Volume has been increasing. I dont tend to jump on stocks in this price range, but from what I am seeing this chart shows a great upside with little resistance and with some volume this could really run.
• Ticker - DOYU • Entry: 9.11 • Stop loss: 8.76 • Profit target 1: 9.50 • Profit target 2: 9.68
Wie ihr im chart erkennen könnt ist meiner Meinung nach nun ein potentiell guter Einstieg möglich. Der Rücksetzer zur Ausbruchslinie ist vorbildlich und könnte nach einem Aufsetzer bei etwa 8$ den Aufwärtstrend einleiten. TP und Stop ist wie immer eingezeichnet China 2.0 in 2020 Dies stellt keine Kaufempfehlung dar und ist nur meine eigene Analyse Mögen die...
Doyu has been undervalued since IPO, Tencent will to something to bring it back to the real price. It could be up to $18-36 in the future. Why dont we buy it when its at the bottom?
Kind of a lottery of this one since there is no much background, however it just broke resistance and you could buy above Friday's high 9.60 if it goes there. This could be a nice rocket...
This coming Tuesday 13th, Douyu will report earnings for the first time. DOYU is 28% below its IPO price. Buyers probably won't let DOYU continue to slide.