Bullish Engulfing Pattern formed after few constipating candles. Price were consistently supported by 61.8%, last price closed above 50MA is another plus point to the trade. However, suggest to protect profit as potential resistance at the gap above (78.6%).
As another request, I’ll do an analysis of TCEHY today. Well, we can say that Tencent is doing what was expected to do, after it hit the “resistance zone” is now dropping and it seems it find a bottom at the light blue line in the chart, which is the previous top zone. TCEHY is doing some very precise and technical moves here, and now it did a bullish pattern, a...
Best fundamental long term video game company. It is already clear Valorant is going to be a huge game, even though it is still in Beta. If the overall markets werent in limbo with COVID going on this stock would be much higher. I expect when things recover this company will be a red hot stock... Overall the chart on the weekly looks to in a great bull trend. I...
TCEHY- With possible phase 1 of trade deal acceptance it will ease pressure on most Chinese companies. #Chinese gov. approval on Tencent gaming, allowing them to produce more games (fortnite & COD mobile) accounts for 1/3 of revenue
LOVE this price. Buy low, sell high. Looking good :-)
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.
Potential SHORT. TCEHY in a "box", if $42 breaks, we're going down to $38 Similar set up was in July, 2018.
As you can see on this chart, a gigantic rising wedge it is completing as long as price is moving towards its target.
Tencent just invested 150 million dollars in Reddit, and keep in mind that Tencent owns 40% of Epic games... The creator of the video game giant, Fortnite. The Megalodon is giving us a buy signal on the technical side! The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce...
A close match in the chart, suggests TCEHY will fall to $30.
Call me crazy... but TCEHY is a HUGE COMPANY. "From Dr. Falconium to All panelists and attendees: (10:13 AM) \u2029its pretty much the chinese government" Massive. Long term, looks decent down here. With a second low, I'll prob only add 20-30 more shares. The longer TCEHY hangs down here, like in 2020 if it's still down here, I'll buy 40-60 more perhaps. Longer...
I'm expecting some sideways choppiness around this level. The 200 SMA is a STRONG support.This is a good 'healthy' pull back area and location. She's down A LOT obviously, but longer term, I still love the company fundamentally. I MIGHT add another small position if we hit the 200 SMA on a weekly.
One of the trends taking place in my portfolio is an increased weighting in China's technology sector. Amid the trade-driven pessimism over China, clamp down on digital assets and increased control over online content China's economy is trading at a blatant valuation discount to the U.S. Within the last few months the BAT stocks Baidu BIDU, Alibaba BABA and...
The Gaming Trade The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily,...
The Gaming Trade The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily,...
On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff. Buying the dip: Considering Chinese markets are at almost a one year low and under a temporary trade war, a knee jerk...
fib levels looking at places to add/start a position in this monster Tencent is a massive Chinese company that owns WeChat and a sizable portion of Fortnite among many other things Pretty confident that FB's data on Americans is nothing compared to the data WeChat has on Chinese people due to how much the "super app" is used.
Me and my girl have some shares of this. Our plan is 5+ years. Buy and hold. Invest... If she makes it back down to $40 (which I think happens) then we will buy more. :)