HUYA , possible uptrend 6.30 is a possible target technically once close above 4.23 weekly,,, then 7.39 the ceiling of ascending channel
0YB1 trade ideas
HUYA - Setting up for a huge run
IF it can clear 200 DMA overhead, can soar to 8.
Upside targets: 4.26, 5, 6, 8
Still plenty of time to get in. Let's see what happens tomorrow.
Long half position from 3.3, stop loss around 3.50
Bullish on Huya!As you can see, we have a nice cup and handle chart pattern. The cup base looks pretty strong at 12 weeks of formation. I'm expecting an entry at $3.89 if the vol is greater than 4M. I predict this stock will run up within the next couple of weeks. I'm expecting to take profits around $4.75 but I wouldn't be shocked if price runs up to 5.10 on really strong vol. My stop loss will be set at $3.59 (last support level) to manage a 8% loss if trend breaks. What do you guys think about this idea?
$HUYA - 80% Chance? Interesting Trade Setup Im entering a long Position today. Lets see how it works!
Huya - BIG UPSIDE POTENTIAL / Nice Risk/RewardGood Chance we saw the bottom of Huya - Chart looks promising!
Watchlist 2023-05-16 $AI $BIDU $HUYA $HD AMEX:SPY continuation to tighten between 409.30 and 414 as investors await critical debt limit talks and the release of retail sales data, both of which would offer valuable insights into the state of the economy. The first close on the hourly past these levels might give us an indication of which way the market wants to go, until then, no directional bias.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:AI - Impressive rally after PD earnings. Sellers were squeezed completely out of this name it appears, having one of the highly shorts floats in the market at 35%. Looking for either a bounce trade near the inflection of BO support. Or if it is strong off the open, there is an opportunity for a scalp long over the PM and PD high at 24.35.
Support 22.0
Resistance 24.35
Inflection 22.0
NASDAQ:BIDU - First-Quarter Profit Helped by Higher Revenue, Fair-Value Gains. Earnings of 30% higher QoQ and 9% higher YoY. Appears to be finding some support at the res of the range at 125.70. If we can trade through this easily off the open, there are signs of continuation. However, the PM is now looking like some profit taking is occurring so be cautions of this name.
Support 125
Resistance 129
Inflection 125
NYSE:HUYA - Revenue Drops but betas estimates, Q1 Adjusted Earnings Rise 300% over estimates. If HUYA can hold/reclaim the PD high of 3.50, longs are in play. Res. At 3.80.
NYSE:HD - short under 280 - Lowers Fiscal 2023 Outlook on Continuous Softening Demand as First-Quarter Sales Miss Views
Let me know what you guys are looking at in the comments!
$HUYA - Early signs of reversal
bearflag on daily...but 3D reversal would invalidate it
6/08 is ATL with 3D MACD signal green...shows underlying strength.
Likely to reverse and test 3D resistance at 9.82 on news perhaps.
below 6.08 all bets are off.
HUYA - Bearish Consolidation Strong base is forming and it might take few more months consolidating side ways. Breakout above 10.10 will make bullish trend, with key resistance level to watch at 10.52, 11.72, 13.15, 13.80 and 16.28. Upside potential of 36.53% in mid term.
HUYA - Getting ready for breakoutStrong base is forming. Breakout above 10.10 will make bullish trend, with key resistance level to watch at 10.52, 11.75, 13.15, 13.80 and 16.28. Upside potential of 36.53% in mid term.
beaten up Chinese stock I'm looking to play short-term bounce>80% down from the high. No matter how crappy they are and no matter how terrible an investment environment China is, as a trader these bounce can be a good short-term play.
I'm looking at $DOYU and $HUYA. If they can make some small red days I'm gonna take a chance at a long.
I have been burnt catching these dips before on $BABA and $PDD. Not planning to hold them for long, but trading? sure yeah.
HUYA: Double bottom failed, now falling wedgeDouble bottom failed, but it might still bounce up from the wedge down. Book value is getting really cheap on this one.
HUYA (1W) - Midterm Plan Hi Traders,
Below is my Idea about this very good loking company .... from CHINA !!
Compared to competitors (like Twitch) is discountedm same like DOYU. WHich are both owned by TENCENT as one of biggest investors.
After some FUD price from chinese government the price is Dummping.
In my Opinion, we are approaching end of impulsive wave DWON. you can also see touch with downtrend line + RSI COnvergence + MACD Convergence. Which are very bullish signs for me.
ALso fundamentally, this could be very good investment. But lets see. My plan is to take around 75-100% and sell everythin from actual price around 8.40 USD.
Trade safe. Enjoy the ride.
HUYA: Double bottomSpotted a potential double bottom. There has been fear of regulations, now the evergrande thing. HUYA is pretty much near the company value. That's a great price in this crazy market.
HUYALooks like a double bottom to me.
All Chinese stocks are going to bounce eventually.
Isn't this one a Chinese Twitch and China is one of the largest video and gaming streaming markets in the world?
Seems like a buy and hold to me.
Buy $HUYA - NRPicks 14 MayHUYA Inc. through its subsidiaries operates live game broadcasting platforms in the People's Republic of China. Its platforms allow broadcasters and viewers to interact during live streaming mainly in Southeast Asia, the Middle East and Latin America.
The company is coming from an aggressive pullback due to the situation of Chinese stocks in the U.S. stock market and likewise due to problems with Chinese regulation, however, it operates in a segment with potential growth.
According to Insider Intelligence, Esports audiences are forecast to grow at a compound annual growth rate of 9% through 2023, expanding to 646 million. Globally, overall awareness of the phenomenon , its total reach, reached 2 billion in 2020, or nearly 1 in 4 people worldwide. And esports are particularly popular in China, the world's largest single online market, with 530 million viewers last year.
2020
- Renevue $451M
- Net Income $38M
- EBITDA $28M
- P/S 2.36
I will never miss a $HUYA combo 13 againThe stock reacts so well to the combo signal. Yes chinese stocks are bouncing, but this stock specifically was crushed and gave an amazing demark signal
Expecting this move for HuyaYou can either buy now or wait for 14.68 resistance to be broken up first....
Please note that it is possible to have another leg down when it reaches the resistance level at 14.68.
TrendyTrades: HUYA Bullish AnalysisLooking to go long here with a PT of about 4Pts. We've found support.
HUYA Inc: the 'Twitch of China'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 country's market. These companies are both Tencent-backed businesses and are due to merge at some point this year. If the merger is approved, Huya will control and dominate the majority of the Chinese market, potentially expanding and acquiring more market share abroad.
Despite this, Huya's share price has tumbled substantially over the last 3-months following a multi-year breakout of price. This can be attributed to regulatory scrutiny of the merger and increased inflation expectations. Alongside, continuous pressure from Bilibili, the third-largest Chinese esports streaming company, with a diversified revenue stream.
This can prove to be a fantastic long-term investment opportunity in owning shares of a leading and vibrant business, in a quickly expanding industry at potentially discounted prices.
The company
Huya Inc was founded in Guangzhou in 2014 and incorporated in the Cayman Islands. Its mission is to operate gaming and esports live streaming platforms to connect broadcasters and their audience. The content covers a wide variety of media from talent shows, anime, outdoor activities, live chatting, online movies and many others. Furthermore, the company operates Nimo TV, a live streaming platform designed for foreign consumption where its audience is primarily in Southeast Asia, the Middle East and Latin America.
Industry snapshot
The Chinese online game streaming industry is undergoing a boom period where the industry worldwide is expected to grow at a CAGR of 9% over the time period from 2021 to 2026, with China being the centerpiece of innovation and market domination with Huya being in pole position as the largest Chinese game streaming business by revenues (USD 2.61 billion in Q1 2021 vs its competitor DouYu's USD 2.15 billion).
The game streaming culture is different in China: in the West, money is typically made primarily from advertisement services and subscriptions, whereas in China 95% of Huya's revenues comes from gifting and user donations to streamers. Furthermore, China is a mobile phone dominant country where users access and use the platforms through such means.
Business model summary
Huya's business model can be summarised in these bullet points:
Consumer engagement – the primary target audience is the younger generation who use social media and the Internet as a tool to communicate. Huya with this in mind creates in-built functions such as bullet chatting, live comments and gifting.
Game streaming – Huya's primary focus is on live-streaming gaming content and tries to sign the best streamers and gamers to the platform. The most popular gaming titles are League of Legends, King of Glory, PeaceKeeper Elite and PlayerUnknown's Battlegrounds.
Other entertainment content – to attract a wider audience Huya offers talent shows, anime, outdoor activities, live chats and movies and incentivizes its broadcasters to promote this content to their viewers.
Broadcasters – the broadcasters consist of qualified professional gamers alongside amateurs who can showcase their gaming skills and talents. They are managed by talent agencies and given personalized training to improve audience stickiness.
Platform – Huya Inc operates Huya.com, Huya app which is available on all major app stores, and Huya PC client – Huya products are targeted towards Chinese speakers in China, Huya also operates Nimo.tv and Nimo app which is targeted to non-Chinese speaking foreigners.
Others – the company develops and operates mobile games jointly with third-party distribution platforms, and game-related apps.
Competition
The Chinese online gaming market is still at an early stage and has already shown rapid growth and increasing profitability. This can be attributed to China having the largest gaming population in the world with over 630 million gamers and being the global hub of esports where analysts project an increase of 100 million esports gamers in 2021 alone.
There is still plenty of future growth left for Huya with potential opportunities such as selling media rights, ticketing, selling merchandise and increasing advertisement services which can all serve to grow the top line of the company.
Furthermore, the Chinese gaming and esports industry has a high barrier of entry resulting in a duopoly between Tencent-backed companies DouYu and Huya. This control of market share results in the best streamers gravitating towards these platforms and are thus able to host large e-sports events drawing in the attention of viewers. DouYu and Huya are expected to merge at some point this year, however, the deal is currently under the scrutiny of Chinese regulators. If the deal is approved, the new entity would control 80% of the Chinese market whilst holding exclusive rights to stream Tencent Games, which is a massive competitive advantage over other competitors such as Bilibili, the third-largest esports streaming company in China.
Risks
Huya's business model is at risk if the company cannot attract popular broadcasters and viewers, which is fundamental to their business operations. Currently, Huya has no major competitors as they are planning to merge with DouYu.
Huya may be at risk of inflation; this is because Huya holds a significant amount of cash and marketable securities. If inflation increases, the purchasing power of cash and marketable securities decreases. Right now, China's CPI and Core CPI growth is way lower than that of GDP, suggesting that inflation remains low despite a fast-growing economy.
Huya may be targeted by the Chinese regulators as the government has been cracking down on tech companies alongside business monopolies recently, which may be problematic for the M&A deal in process between Huya and DouYu.
This analysis was first published on ChineseAlpha, an equity research platform that demystifies listed Chinese companies by providing in-depth, quality research.
Disclaimer: This article's content is intended to be used solely for informational and educational purposes, and not as investment advice. Always do your research and consider your personal circumstances before making investment decisions. Neither EqualOcean nor ChineseAlpha is not liable for any losses that may arise from relying on the information provided.
Sideway trading. Long at bottom.20-06-2021
Huya looking for sideway trading pattern.
Good risk-reward trading counter.
Tp: $21.35
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
HUYAMID-TERM: At the PCZ of a bullish cypher, backtested iceline and bounced, classic bullish divergence playing out on daily. (not financial advice)
