HUYA - I Am Selling Shares

I would look to sell HUYA now and I am selling HUYA shares now because the stock gap up really huge in the 5 minute chart with some abnormal volume as shown in the chart. The spike was a fast one with big profits from the longs last Friday (link below) but the bar was long and scary which warrant for a sell signal. For a $30+ stock to move $1.00+ in less than 10 minutes is not really a good move as some distribution and unloading might have just happened there. Unload is the key and move on to the next stock for now.

http://ronaldkstockmarket.blogspot.com/2018/08/huya-longed-on-impending-earnings.html

Update: 10:55pm, 13/8/2018

Update: 11:17pm, 13/8/2018

Volume plays a key part in detecting unloading actions. Volume is also an integral factor in determining which side has more buyers/sellers as highlighted in the 5 minute chart. Sellers were increasing their selling while buyers tried to support but cannot hold well. HUYA's volume is the easiest to read like reading a bed time story book. It's also the easiest to decipher on whether which side is more has a stronger force. Not all stocks and charts are created equal and hence for a start, it's wise to choose a chart with easy to read volume and smart money movements. HUYA was definitely one of them..:)

Ronald K - A Game Changer