HUYA, WILL HISTORY REPEAT ITSELF?
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 recently in an uptrend
The moving averages are still in a downtrend
The RSI is oversold
When To Buy:
When the moving averages crossover
When To Sell:
At the take profit area
Fundamentals: HUYA Inc. (NYSE: HUYA) is a leading game live streaming platform in China with a large and active game live streaming community. We cooperate with e-sports event organizers, as well as major game developers and publishers, and have developed e-sports live streaming as one of the most popular content genres on our platform. They have a P/E of 25.81, a P/S of 2.13, their debt/equity is of 0, a sales growth Q/Q of 8%, an EPS growth Q/Q of 5.50%, a profit margin of 8%, and finally a short float of 31% which is most likely why HUYA rallies quickly to the resistance area(take profit) since it causes a short squeeze causing short sellers to cover their positions pushing the stock price even higher. Just a little something to consider as well, Wallstreet bets have bought stocks that were heavily shorted then proceed the force the stock price up so that short-sellers cover their positions and create a short squeeze, some Wallstreet bets users have started posting about Huya and could possibly become one of these hype stocks even if it doesn't I still think this is a good buy.
Rating: 70/100 technicals are great and so are the fundamentals but it is a higher risk higher reward play. Make sure to adjust your position size accordingly and make sure to use proper risk management because it is a riskier play.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
If you have any questions send me a message and I'll gladly respond.
Thanks
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 recently in an uptrend
The moving averages are still in a downtrend
The RSI is oversold
When To Buy:
When the moving averages crossover
When To Sell:
At the take profit area
Fundamentals: HUYA Inc. (NYSE: HUYA) is a leading game live streaming platform in China with a large and active game live streaming community. We cooperate with e-sports event organizers, as well as major game developers and publishers, and have developed e-sports live streaming as one of the most popular content genres on our platform. They have a P/E of 25.81, a P/S of 2.13, their debt/equity is of 0, a sales growth Q/Q of 8%, an EPS growth Q/Q of 5.50%, a profit margin of 8%, and finally a short float of 31% which is most likely why HUYA rallies quickly to the resistance area(take profit) since it causes a short squeeze causing short sellers to cover their positions pushing the stock price even higher. Just a little something to consider as well, Wallstreet bets have bought stocks that were heavily shorted then proceed the force the stock price up so that short-sellers cover their positions and create a short squeeze, some Wallstreet bets users have started posting about Huya and could possibly become one of these hype stocks even if it doesn't I still think this is a good buy.
Rating: 70/100 technicals are great and so are the fundamentals but it is a higher risk higher reward play. Make sure to adjust your position size accordingly and make sure to use proper risk management because it is a riskier play.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
If you have any questions send me a message and I'll gladly respond.
Thanks
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