Tencent Holding LTD (TCTZF) has been trading within a long-term Channel Down since the January 30 2023 High. Such +1 year consistency is hard to overlook technically, especially since the price got rejected last week not just on the Channel Down top (Lower Highs trend-line), but also on the 1D MA200 (orange trend-line). It has to be said that despite the...
#longshortcompetition Long: TCEHY / Short: ATVI Not only do the technicals show a downtrend with support for Tencent. I for one can see the writing on the wall for activision blizzard . They aren't a "bad" company. But boy oh boy have they been taking L after L after L. Whether its corporate structure, actual incompetence, etc. As someone who grew up on games...
Price target for TCEHY Tencent is $56. All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth! Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Tencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
Some reasons why we're probably near a bottom with Chinese equities, +/- 10-20% 1) Since 2013, price has consistently respected the trendline - no different than a standard demand curve in economics. Trendlines are demand for price over a period of time and they work best when price revisits them often and shown to bounce after. 2) We also have the 200 week...
Tencent has bottomed. - Inverse H&S - High volume - Support from 200 WMA - Support from trend line - Oversold RSI What else bottoming out needs? Nothing IMO.
- Inverse H&S - High volume - Support from 200 WMA - Support from trend line - Oversold RSI What else bottoming out needs? Nothing IMO.
Tencent has bottomed. - Inverse H&S - High volume - Support from 200 WMA - Support from trend line - Oversold RSI What else bottoming out needs? Nothing IMO.
It may or may not be the bottom, may be another $10 downwards. But this is the time to buy chinese stocks. If it looses another $10 then buy more. My long term target is $150.
Hi, Another example of technical confirmation. Do your own fundamental research and if the future looks bright enough then you are ready to go from my marked buying box Regards, Vaido
From a price action perspective, Tencent looks primed to make its next leg up. Firstly, price has found support on a bullish trendline formed in late 2018 that has been tested and held multiple times. Secondly, price has bounced off the weekly 200 day MA, as it has done previously in March 2020 and October 2018, with a high level of accuracy. Thirdly, price has...
In the chart you can see a schoolbook Head And Shoulders Bearish Chart Pattern. Theory says that you measure the distance from the neckline to the top and then consider the same distance to discover the bottom from the neckline down. In this case it coincides with the strong 40usd support! ARK also sold its positions in TCEHY Tencent Holdings Limited. I`m...
#FOXBUSINESS & #BLOOMBERG IS HIDING IMPORTANT INFORMATION FROM YOU. WHY??? #usa #GDP VS #ppp I ALSO LOOKEVER #ALIBABA #BABA DID THEY FIND jACK ma YET? AND #TENCENT WHICH LOOKS EXCEPTIONALLY GOOD.
#TCEHY - May increase by 20% and more in the future All trends favor bullish and also Fibo. Additional zones for buying are $ 81 and $ 67. If the price breaks through the $ 67 zone we should stop loss. There are many hedge funds that have bought this stock.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Today many newbies are happy because US Senate just passed the 1.9 trillion bill. But let's see what happened in the last 8 weeks in the market.(MARKET CAP CHART) The top ten companies with the highest market cap have lost almost 1.45 trillion of their market cap in the last 8 weeks. Hypothetically, IF PEOPLE INVEST THE WHOLE 1.9 TRILLION IN THE STOCK MARKET IT IS...