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 numbers were good, but the chart didn't react -high short interest More details on Wallstreetbets(cant post the link here)
So the fundamentals look very good, that's why I think it's also an interesting long term play, but besides that I was very surprised to see some posts on Wallstreetsbets about it in my opinion that's a very bullish signal, the posts performed extremely well, and I can't find a reason why this shouldn't be the next big WSB play. --- If the WSB interest really will grow like that, there is a way bigger growth possible.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.