Investors eyeing Douyu International Holdings Limited (DOYU) have reason to anticipate a significant upward movement in the stock, with a target price of at least $2. The confluence of a higher low formation on the 1-week chart, strong fundamentals, and a favorable regulatory development creates a compelling case for a bullish surge.
Higher low formation on the...
DouYu (pinyin: Dòuyú) is a Chinese video live streaming service.
The site is the largest of its kind in China with 163.6 million monthly active users in 2019, more than the 140 million monthly active users of Twitch.
In July 2019 DouYu International Holdings Ltd raised $775 million through U.S. initial public offering (IPO) and it listed itself on the New York...
DouYu International Holdings Ltd is a game-centric live streaming platform in China. The company operates its platform on both PC and mobile apps, through which users can enjoy immersive and interactive games and entertainment live streaming. It generates revenues through live streaming and advertisement.
Industry
Internet Content & Information
If you want not...
DOYU Long🚀📊
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MID TERM TRADE IDEA:
DAILY TF - Classic bullish divergence on MACD oscillator, with price forming a descending wedge.
H4 TF - Triple Classic divergence on MACD oscillator.
Earnings were just beat by over 50% as well.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
BREAKOUT STOCK ALERT UPDATE
$DOYU - DouYu International Holdings Limited - American Depositary Shares
Initial Alert Price: $11.17
Price High: $18.47
% Gains/Losses: 65.35%
(+38.95% More Than Expected)
Potential Stop Loss: $17.5465
DOYU broke out to $18.47 on pure momentum without any explanation from the company as to why, providing a 65.35% Return of...
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...
