NVDA is moving up and over its key April highs.
I haven't changed my tune in my belief that eSports is a sector to own for the next several years.
Investors need to have patience, but this is a solid strategic move by the company.
With its weak chart pattern and indicators, $60 appears the price target -- so the dice are not bouncing the for the bulls here.
Consider this strategy for the recently public esports name DouYu, the largest live-streaming, game-centric platform for esports on mobile devices and other computers.
I like the idea of a combination short put with long call spread here.
PLAY recently showed some promise but now the bullish signals are gone.
The mobile and live-streaming firm is potentially one of the names poised to benefit the most from the push in e-sports and digital entertainment.
eSports are the future, and a company like HUYA with its pulse on the community can benefit greatly.
Let's check out the charts and indicators.