HUYA (HUYA) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
HUYA(HUYA) ZACKS·2024-11-25 23:56
The price trend for HUYA Inc. Sponsored ADR (HUYA) has been bearish lately and the stock has lost 7.1% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall ...