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 luck
Despite 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.
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...
In 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...
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...
Analyzing 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.
Tencent 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...
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....
Tencent 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...
Tescane 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!
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...
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...
Tencent 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 year
Setup: 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,...
providing a meaningfull and detailed description of my analysis.
Triple Top Expected reversal at TT Uptrend following reversal Solid support prev. few months
Elliot 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...