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.
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...
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
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...