$HUYA - HUYA INC // LONG

8 déc. 2020

HUYA is flagging and bounced nicely around .618FIB Level. Going Forward, this should act as key support. HUYA and DOYU are merging; since the news they lost around 15% and 19% respectively. This merge will create a platform with +300 million users and China´s biggest video game streaming platform. HUYA will be the ticket that remains listed.
Also, the bill forcing Chinese firms to meet US accounting standards has affecting HUYA. IMO the bill grants enough time for any Chinese firm to comply.
Stop-loss and targets are given in the chart.

19 janv. 2021

Note

Target 1: reached

26 janv. 2021

Note

Target 2: reached

11 févr. 2021

Trade fermée: cible de profit atteinte

All targets reached