$YY has a great chart here, paired with very interesting growth potential, and current valuation metrics. We're long and averaging into a long term position as well. Best of luck, Ivan Labrie.
Added positions in China as I see strength in growing middle class/consumers. - More attractive valuation than those in US. - I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China. - I am focusing on purchasing best companies in China in technology space. - I like internet of things and I...
These will be good levels to peel off profits / sell covered calls or raise stops. AND OR, if you want to hold LONGER TERM, once these spots hit, just create a plan to remind yourself to BE 'paytient' :-)
I have a feeling Tencent will break this 4+ year trendline and retest the 22 area. Not a strong feeling.