Long Position on DOYU @ $16.25 on 9/17/2020 (Fundamentals)

DouYu International Holdings Limited (DOYU) operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China.

Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

The company also sponsors eSports teams and organize eSports tournaments. In addition, it streams other content to include a spectrum of live streaming entertainment options, such as talent shows, music, outdoor, and travel.

Further, the company records and offers video clips to allow users to watch replays of selective live streaming content; and allows viewers and streamers to edit and upload short video clips by themselves.

Over the past three months, DOYU has moved 19.6% higher in earnings YTD and is doing exceptionally well in comparison to other competitors in the Gaming Industry. This momentum should continue to move DOYU higher and up its trading channel.

Entry Point: $16.25

Stop Loss: $15.45

Trading Range: $6.11 to $17.85

Target Price: $17.85

Updates

10/5/2020 11:45:54 AM

DOYU closed at $13.50

Position closed on 10/5/2020 at price of $13.50 with a -16.92% loss in 18 days.

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