Above is the SkyDespite the price has run already for a long time there seems to be enough room for a further rise if this doesn't become a consolidation zone here. But it seems that there is no momentum for a downward correction yet. Longby motleifaulUpdated 1
TME ,,, Buying opportinity Uptrend I was waiting for a pullback but it seems the trend it so powerful, I entered to it by considering the SL at 13 . Also my recommendation is hold until you see changing trend. Good luckLongby pardis222
Tencent Music ($TME) Beats First Quarter Revenue Estimates Tencent Music Entertainment Group, (NYSE: NYSE:TME ) a Chinese audio entertainment platform, beat Q1 revenue estimates by a steady rise in paid subscriptions and advertising services on its Spotify-like music streaming platform. The platform reported revenue of 6.77 billion yuan ($935.9 million) for the quarter ended March 31, beating analysts' expectations of 6.63 billion yuan. However, revenue declined 3.4% from the previous year. Tencent has capitalized on its position as the largest Chinese music-streaming platform with an attractive licensed music library while continuing to focus on advertising services and artist merchandise. Paying users at its online music streaming service rose 20.2% to 113.5 million from a year earlier. The company's revenue from online music services rose 43%, driven by solid growth in music subscription revenue. However, revenue from its social entertainment services dropped 49.7% due to the government's crackdown on online gambling in 2023 and increased competition from rival NetEase's Cloud Music and Bytedance-owned short video-sharing platform Douyin. Technical Outlook We are expected to see an Upside Gap or gapping effect prior to the earnings report. Tecent Music ( NYSE:TME ) stock has a Relative Strength Index (RSI) of 66.56, which clearly indicates an uptrend. The stock has been in a Rising wedge at the end of September 2023 towards this year consecutively surging towards new highs.Longby DEXWireNews3
TMEIn December, the Chinese government released draft new regulations aimed at curbing excessive spending and time wasting in video games. Shares of the industry's biggest players: NetEase and Tencent, which generate 100% and 50% of their operating profit from video games, fell slightly on the news, but were bought back. Firstly, this is still a draft document and is likely to undergo changes after consultation. Secondly, having rules will only strengthen the position of the big players in the market and create additional barriers for new ones. tp1 12.9 tp2 16.9Longby Lazy-LizardUpdated 1
Tencent Set to Release 'Dungeon and Fighter' Mobile Game in May Tencent Holdings, ( NYSE:TME ) the Chinese multinational giant, has announced the release of its highly anticipated mobile game, 'Dungeon and Fighter: Origin'. Developed by Korean company Nexon, the game is a mobile adaptation of the popular computer game 'Dungeon and Fighter', which is considered to be one of the world's most profitable computer games. This announcement comes after seven years of development, during which the game initially received government approval for release in 2017, before having its approval revoked. However, Tencent was granted a new license for the game in February of this year. The official release date for 'Dungeon and Fighter: Origin' has been set for May 21. The action game is expected to be a significant addition to Tencent's mobile game portfolio, given its immense popularity and profitability. Technical Outlook Tencent Holdings, ( NYSE:TME ) stock is up 2.29% prior the fundamentals trading above the 200-day Moving Average (MA) with the Relative Strength Index (RSI) of 58. The stock has consolidated in price for the 2nd time starting a new rising trend after the current consolidation faced at $11.76 pivot point.Longby DEXWireNews2
TME Tencent Music Entertainment Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TME Tencent Music Entertainment Group prior to the earnings report this week, I would consider purchasing the 11usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $0.43. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 1
Tencent Music Gains Reach $735 Million, Despite Revenue DeclineTencent Music Entertainment ( NYSE:TME ), China's leading digital music company, has defied market expectations with a significant surge in net profits despite a slight decline in revenue for the year 2023. The company's robust performance reflects a strategic pivot towards driving profitability through enhanced subscriber conversion and retention, underscoring its resilience and adaptability in the evolving digital entertainment landscape. Navigating Revenue Challenges: Despite experiencing a modest 2% decline in revenue to $3.91 billion for the year, Tencent Music ( NYSE:TME ) delivered an impressive 36% increase in net profits, reaching $735 million. The fourth quarter saw profits soar to $198 million, showcasing the company's ability to capitalize on evolving market dynamics and emerging opportunities. Success in Music Streaming Subscriptions: Tencent Music's success story is underscored by the remarkable growth in music streaming subscriptions, which witnessed a 39% increase in revenue to $1.70 billion. This growth was driven by a 21% rise in paying subscribers, reaching 107 million, coupled with a 20% increase in average revenue per subscriber. Despite a slight dip in monthly active users (MAUs) for online music, the company continues to command a significant share of China's digital music market, with over 40% of the population accessing its streaming services monthly. Navigating Social Entertainment Challenges: While the 'social entertainment' segment faced challenges, including a decline in MAUs and monthly average revenue per user (ARPU), Tencent Music remained focused on leveraging its content and platform strengths to drive sustainable growth. The company's strategic initiatives, including expanded user privileges and AI-empowered products, played a crucial role in enhancing subscriber conversion and retention amidst a competitive landscape. Strategic Vision and Growth Potential: Executive Chairman Cussion Pang highlighted the pivotal transition at Tencent Music in 2023, emphasizing the company's commitment to shaping the music industry's robust development. With a focus on capturing multi-faceted opportunities and leveraging its dual engines of content and platform, Tencent Music remains well-positioned to capitalize on the vibrant growth potential of the digital entertainment sector. Investments in Innovation and AI: CEO Ross Liang emphasized Tencent Music's investments in innovation, particularly in leveraging artificial intelligence to enhance user experience and drive music discovery. The integration of AI in music streaming and social entertainment platforms underscores the company's commitment to delivering personalized and engaging experiences for users while supporting artists' creative endeavors. A Strategic Player in the Global Music Industry: As a major stakeholder in Spotify and Universal Music Group, Tencent Music's influence extends beyond the Chinese market, positioning the company as a key player in the global music industry. With its strategic partnerships and relentless focus on innovation, Tencent Music continues to shape the future of digital entertainment, driving growth and delivering value to shareholders and stakeholders alike.Longby DEXWireNews2
Tencent Music Entertainment Group(TME) share price rose over 35%Tencent Music Entertainment Group's (symbol ‘TME’) share price rose by more than 35% performing extraordinary in the last quarter of the year. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on Tuesday, March 19th, before the market opens. The consensus EPS is $0.13, up from $0.12 in the same quarter last year. The enviable performance of the company in the fourth quarter of 2023 is also reflected in the latest published financial statements. As of 30/09/2023, the company had a current ratio of more than 245% showing that any short-term financial difficulties could be easily handled with the current assets at hand. Also in the last seven quarters the company had declining revenues but the net profit in these same quarters kept rising. This shows that the company managed to lower its costs, especially the operating costs, and therefore increased its net profits substantially. These lower costs have also a direct relation to the decline in long-term debt which means less interest payables. Technical analysis shows the price has reacted on the resistance of the upper band of the Bollinger bands and is currently correcting to the downside at the time of this report being written. The Stochastic oscillator is not recording any overbought or oversold levels while the 50-day moving average is trading well above the 100-day moving average validating the overall bullish momentum in the market. Today’s session has already covered the price gap created recently while the $10 price area is the first area of possible support which is the psychological support area of the round number as well as the recent price reaction of last week. by Exness_Official0
$TME: Long term trend continuationTencent Music Entertainment Group (NYSE: TME) recently reported strong financial performance, with notable increases in revenue and net profit. The company's diversified business model, spanning online music subscriptions, social entertainment, and live-streaming, contributed to its success. Tencent Music's focus on user engagement and monetization, particularly through growing subscription-based revenue, reflects a positive trend. Despite challenges such as competition and regulatory scrutiny, the company remains optimistic, investing in technology and content to maintain its position in the digital entertainment industry. Overall, Tencent Music's financial resilience and adaptability showcase its ability to navigate market complexities while meeting the rising demand for online music and entertainment services. NYSE:TME 's chart shows a very appealing Time@Mode buy signal in monthly scale. This suggests we can expect continued upside in the stock for almost a year from here, with the target being $17.90 or higher by then. Downside risk is a bit over 20%, which makes this a very high reward to risk trade. Best of luck! Cheers, Ivan Labrie.Longby IvanLabrie5
TME stock buyTescane music has been bought heavily the last months and it is ready now to go to a bull market. Buy now and aim at recent high!! Scale out depending price action!Longby Dionisis2
TME, its TIME to move UPSIDE -- generously!TME is amassing massive volume based on weekly data. Net buy volume has increased almost 4-folds from 10M average volume to a whopping 38M, thanks to a rosy quarterly earnings AND new opportunities in the spectrum for the company. The stock has broken its weekly descending trend line. Higher lows on both histogram and pricing has been created cementing the current price range as the new base for the coming series of ascend. No brainer decision. SEED on this one. Spotted at 7.0 TAYOR Safeguard capital always. ------------------ Financials Quarterly financials MAR 2023 (CNY) Mar 2023 Y/Y Revenue 7B 5.42% Net income 1.15B 88.51% Diluted EPS 0.72 100% Net profit margin 16.39% 78.74% Operating income 1.14B 90.98% Net change in cash 2.57B 46.08% Cash on hand - - Cost of revenue 4.69B 1.99% Longby JSALUpdated 3
Chinese Stocks Are Moving Up!Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out Scoop up some strong ones!! Reasoning Whole Industry is moving! Use strong bars to draw trendlines, most times spikes should be left out! Consolidation seems done Correction is not overextended Good Relative Strength Great earnings RSI tested bullish range multiple times Multiple Bullish Days Always try to use 2 timeframes My Would Be Trade Plan - Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3) - Raise stop once Trade moves 2ATR in your direction - Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price) Main Sources of My Knowledge Mark Minervini Constance Brown William O'neil Speakers on Trader Lion Youtube Adam Khoo My Indicators 14 Period RSI. 9SMA and 45EMA Moving Averages added Composite by Constance Brown This is for catching failures in the RSI. The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that Composite Settings Author : Constance Brown (Connie Brown) RSI Length : 14 RSI Momentum Length : 9 SMA Length : 3 Fast Simple Moving Average : 13 Slow Exponential Moving Average : 33 Longby vssebuyungo0
TMETencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China. Trading at 66% below our estimate of its fair value Earnings are forecast to grow 9.07% per yearLongby ForexCompanyUpdated 3
TME: VCP Pattern / PowerPlaySetup: PowerPlay VCP: 4W 14/5 2T RS: 98 Contraction 2 is setting up after the turn (trendline). China stocks are leading! The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books. RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.Longby fyntrade1
Possible subject for further research.providing a meaningfull and detailed description of my analysis.Longby FxCryptoWavesUpdated 1
TME Long... Up! Triple Top Expected reversal at TT Uptrend following reversal Solid support prev. few months by roman0losses1
TME make or breakElliot wave wise, it looks like we completed a full 5 wave impulse move and need to correct down. Unusual option for a $7 put 7/21/23 1900 contracts were traded today, which could be a hedge for another push up, or a big drop down. Max pain is $6 this week. TME can keep travelling in this channel, but a drop below $7 confirms bearish sentiment and we're looking for a drop to $5.50 in the next few weeks. by jamesraulsimpson0
69/100strong green candle breakout supply zone now price retracement above previously resistance that now became support Longby tofinse1
Observing the volume on the price to track actual big buyer Technical analysis can be used in many ways. Someone applies to AI projects and also someone uses only the trading view tools function that is enough to predict price the first sight. As you may see in the chart view, we need to find the pattern of the accumulation phase. The question is how we know the big buyers (insider/hedge fund/billionaire) are buying. Normally the stocks will have price making, the price maker can be the owner, big buyer, hedge fund, and every beneficiary. We need to follow the price maker, and you will able to make a big shot. To find the big shot on stock, there are several methods. I would like to share with you my methods for finding the big shot of trading. 1. Deep-down price We need to find the panic sell from all traders (big/small traders). It will be the first significant falling down of stock price at least 60 percent of the maximum price. people need to don't trust the stock anymore. 2. Let it fall After the price is falling down, you also don't know if this is the end of the bearish trend or not. In this phase, we need to action nothing and wait until the volume increase in term of price. Volume has 2 types. 1st is volume based on time. 2nd is volume based on price. 3. Acute-Angled Triangle of volume profile The degree of the triangle will represent the buyer are buying. the fewer degree of a triangle and a long time of stable price are the meaning that the big buyers are still not completed buying. They will not let the price go up until they accumulate stock enough for running a new cycle. Our duty is buying in this phase too. These are only 3 examples from many for finding the stock to take a big shot. We also can use coding to track which significant price of each stock of each month. by Pakinnithitechameth221
Long | TMENYSE:TME Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%, TP 1~32 TP2 ~34 CALLS for 16 April Strike 35$Longby shksprUpdated 111
TME in triangle the movement of the last few months of TME seems to me to be delimited by two dynamic supports that converging form a triangle, if the dynamic support holds up it could return to the upper level first and try the upper breakout later, otherwise the lower break could bring the title back towards the lowsLongby Ale_IT220
$TME with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $TME after a Positive over reaction following its earnings release placing the stock in drift B. Shortby EPSMomentum0
$TME with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TME after a Positive Under reaction following its earnings release placing the stock in drift A. Longby EPSMomentum0