May. 8 at 8:18 AM
Buy the dips and take a good start to
$HUYA
The trading is around
$3.20, and a high-volume support region exists below the current price, indicating strong historical accumulation. Not gonna lie when I said that,
$HUYA is not just past large dividend payouts, but also shows that it has substantial cash reserves as reported. At US
$546.0 million in cash and cash equivalents compared to their current market cap of US
$735 million. As the price attempts to lift away from this area, it increases the probability of a rotation towards higher resistance zones. Once more, breakout confirmed, then now pulling back, not seeing heavy selling, current price feels like a decent spot to try.