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HUYA Inc.
Long

$HUYA - HUYA INC // LONG

By lordbr
Updated
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.
Note
Target 1: reached
Note
Target 2: reached
Trade closed: target reached
All targets reached
Chart PatternsTrend Analysis
lordbr

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