I'll be buying in when it touches the supporting trend line, but looking to short this tomorrow morning. Lots of activity on HUYA right now, good for day trading!
Bullish Engulf at strong support around 30. Volume build up and Force index turned +ve. Oversold and recent candle solid with short tail (marubozu). Individual candle showing Higher High, Higher Low.. Neutral Bollinger band. Accumulate 50%.. Good entry around 32..
Yes, looks like we have a double bottom - a confirmation of a trend reversal....and a little research into the company, it looks good. Should be a good long term portfolio add, BUT it currently way over bought according to the RSI and I've read and seen play out that double bottoms/head and shoulders typically will trend reverse the same distance from the neckline...
Found 5 fib relationships on the 4hr, went long on buy triggers.
If the stock can clear 30 within the next few days, it's a long up to the 35 level.
Inverse Head and Shoulders spotted on the hourly timeframe. Entry: 32.10 Target 38.00 Stop loss: 30.5$
Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction. Setup invalid below daily EMA (34.80)