PDD closed at upside target for a profit of +35.05%; un-marginalized China Youzan closed at upside target for a profit of +70.48%; un-marginalized Tencent long position, floating +22.58% with stoploss covered and 1/4th profit taken (closed).
This is continuation pattern and Tencent parabola remains intact. Don't reach out to me. I don't read messages and comments.
awaiting the previous high to become support
The first small head and shoulders pattern completed. But the second one is too big to become real. I think it is not time for new ATH. RSI, stochastic, Bolinger band, and CCI are bearish and others are indicating negative.
All trade given on my page on the 10th of june as free signals! 💎 Combined return from these positions alone; currently floating: +76.20%💰 !PDD: +26.78% !tencent: +8.48% !youzan: +40.00%
$TME just broke $13.37 out with high volume. RSI is still below the trendline though. There might be a pull back but it is very strong for an upside rally. 12 months Consensus Price Target: $16.11 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
JSE:NPN is currently forming a small head and shoulders pattern on the 1D chart. If it continues downwards and confirms the break through the necklinr, we could be looking at a target around the 224000 level.
JSE:NPN has been trending upward since mid-March and with today's opening, it finally broke below the trendline that has formed. Although unconfirmed as of yet, this could mean a move to the downside. I'll be keeping an eye on what happens here next week for a possible short position.
JSE:PRX formed a bearish harami on Thursday last week which is a top reversal signal. This was confirmed by the break through the upward trendline and the stochastic. This could mean a move downward for a while if confirmed by breaking below the low of last Wednesday.
Tencent shares just rose over 2% after beating earnings estimates. Gaming revenues are back on the rise after Beijing lifted restrictions on registrations of new games releases
It is hitting the pivot resistance but RSI is still below the last high. Unlikely it will break it.
We are developing a scary head and shoulders top formation in both Naspers and Prosus. Should we convincingly break below the necklines of the respective charts at approximately R2376 and R1050 respectively, we have downside targets some 18.6% and 13.6% away from current levels on Naspers and Prosus. (Price targets if H&S formation plays out, NPN : R2014, PRX: R927)
JSE:NPN has formed a head and shoulders pattern and we could be looking at a nice downward move if it continues downward through the neckline.
Technical analysis We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd. Now this resistance has become out short-term support. A bull flag is forming today, as a continuation of the bull pattern. Top 10 Portfolio holdings Name - Symbol - % of ETF assets Meituan Dianping - 03690 - 10.43% Alibaba - BABA...
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
This is one stock that I want to keep for the next generation. It is now forming a nice symmetrical triangle pattern on the weekly chart. See : fx-australia.com It registers more than 10,000% returns if one has bought it in 2007 till now. qz.com www.prnewswire.com www.forbes.com www.scmp.com
I like Tencent here, MACD and RSI are bullish. broke out of the triangle. My first target is around $400-405. More about Tencent Tencent Holdings Limited is a Chinese multinational conglomerate holding company founded in 1998, whose subsidiaries specialise in various Internet-related services and products, entertainment, artificial intelligence and...
JSE:NPN has a bullish engulfing candle at a support level which could indicate a turn upwards. The stochastic is also confirming so we could be looking at a long position.