Despite this warning, let's look at the charts and indicators of HUYA to see what they look like.
In this daily bar chart of HUYA, below, we can see a bottoming pattern from October to February. Prices are trading above the rising 50-day moving average line. The volume histogram just below the price chart shows an increasing volume pattern from November with heavier volume on days when the stock has closed higher.
The daily On-Balance-Volume (OBV) has been rising from early December and tells me that buyers of HUYA have been more aggressive the past three months.
The Moving Average Convergence Divergence (MACD) oscillator turns above the zero line in early January for an outright go long signal.
In this Point and Figure chart of HUYA, below, we can see the recent rally to a new high for the move up. An upside price target of $36 is being projected.
Bottom line strategy: It looks like HUYA could rally into the $35-$40 area in the weeks ahead. Risk a close below $23.