HUYA IPOed with 13$ and after a good slopy hype of up to $50+ declined again to around 13USD. Until the COVID-19 crisis it mainly stayed between resistances at 19 and 28. Then plunged again to about 13 with some oversellings followed.And now in my opinion it is in a recovery which most probably will not be affected by any second or third wave of the pandemic. E-sports is still growing. In following weeks HUYA will break resistance at 20 and head towards 26.
Note
Waiting for the price to pass over 26. 28 is a resistance, be cautious
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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.