The game streaming and esports industry is experiencing rapid growth worldwide. China, with the largest gaming and esports community in the world, is anticipated to hold a significant market share. The most prominent Chinese companies in the game streaming and esports industry are Huya (HUYA:NYSE) and DouYu (DOYU:NASDAQ), which together control 80% of the...
20-06-2021 Huya looking for sideway trading pattern. Good risk-reward trading counter. Tp: $21.35
Hello fellow traders and investors, here's a trade idea on HUYA. HUYA has established these key levels of support and resistance that have been respected since the start of 2019, it has recently sold off to the support level forming a triple bottom. If HUYA makes a recovery to the take-profit area it offers a 75% ROI. Technicals: The Macd is oversold and now...
MID-TERM: At the PCZ of a bullish cypher, backtested iceline and bounced, classic bullish divergence playing out on daily. (not financial advice)
This is still China so don't bet the farm.
Huya fell even further in the last Weeks since my last Post, even the Resistance from my last post didn't hold. No we're at a MAJOR Support Level, with not negative news flow and upcoming earnings, and also we had a nice bounce today. I'm down 22% right now with this position and I will buy more in the following day's, because in my opinion this stock is...
Time to go long with HUYA - I'll keep this short & sweet to save you the "Car Salesman" pitch. We've bottomed out on the .236 level and are looking to make a break through the $19 barrier before we take our first batch of profits at $21 being our next level of resistance. I'm setting a close stop at $18 Couple of other favorable factors; - Increasing volume on...
In my opinion Huya could be a big Trade in the next weeks/months. Reasons: -The Gaming/E-Sports Streaming Industry is set to triple in the next two years -The Interest on Wallstreetbets is growing -Technically it seems to have a trend reversal -if the merger with Doyu happens they have a complete monopoly (also a risk because of the Chinese government) -the...
Many Chinese companies have been battered pretty bad over the last few weeks and some followers are concerned. Huya is one of them. Now, I am NO gamer to begin with so all that I know are based on my own research which naturally can be biased so do read it with a pinch of salt. One of my first and biggest investment is Tencent which many knows I love its...
We had a good ABC correction and I think we are in the good loading phase and will start the new trend. Loading zone: $15.90- $21,5 Target: $36 Good Luck!
Just found this lol. Put all stocks I wanna buy in this thing and let's see!
Daily chart. Looks like a reversal about to occur in the daily time frame. Let's see if it will go up to retest its first resistance and break out to an up trend.
As we can see on the large timeframe, the price is testing the support level. The chances are very high that it will rebound and start growing. A false breakout of the support level is not excluded. If you like the idea, do not forget to support with a like and follow. Thank you and Good Luck!
H&S pattern fully formed, prices reaching major support, PT uncapped, buy at $18.60
ABC structure, Currently oversold and testing wave 4 levels. Stop-loss and targets are given in the chart.