700 ¬ TencentWith this ChartArt, I want to congratulation company this year super performance. (:by fxCROWN3
#Tencent Rising wedge formationThese rising wedges have a tendency to eventually break down when the buyers becomes exhausted. A possible level for a breakdown would be 340, but it's still early days. Wait.by KoosKanmarUpdated 4
Tencent Holding (TCEHY) Pullback/UptrendingFor swing trading only. Good uptrend to continue as moving averages are in good conditions. Short term pull back in the next few days would be a chance to short, and/or buy after downtrend reversal confirmation. by TestFlightUpdated 3
Tencent bullish till the 0.618fib $700 Bullish on this one. 0.618 fib could be first target.Longby void_491Updated 2
#Tencent Poor results and rising wedge looking set to play outMissed investor expectations Rising wedge with negatives divergences Naspers will follow this one like a shadowShortby KoosKanmar1
My Tencent(s) worth - $700Tencent having a bit of breather this week after a great little run that started 4Jan19. Share price now getting close to the bottom of the channel (which is 329.60HKD), with the 50-day moving average (325.19) being a strong resistance level. A break below the 50-day MA could see us test the 304.60 levels. Share price is still above the 50-day MA, which are still pointing upward (the MA). This make the trend still healthy. A bounce off the channel could see us test the 200-day moving average at 342.95, with next resistance being at 363. Consensus forecasts are still very bullish on Tencent, with Thomson Reuters 12 month forecasts still showing 17% upside from current levels (according to mean forecasts from all analysts covering Tencent). Longby SchalkLouwUpdated 3
Long Tencent On Pullback & Fav Macro WindsRecording this trade: Long Tencent -Entry: $343.80 -Stop: $340.80 -Target: $350.80 . I was quite conflicted while taking this long trade as I was wondering why did Tencent drop when peers like Ping An and Xiaomi were all rallying. There was good news on the trade war side and I did read reports of challenging times for Tencent. I have even considered going short but then I realized that this is a short intra-day pullback and decided to go long. I don't have any special analysis on this long trade, just the simple candlestick chart that shows a bullish Tencent and general belief that the market had turned bullish despite concerns on Chinese growth and debt levels (even with the Qinghai default). . Recording this to see how the trade will go. .Longby kailevel0
Emerging markets my d****As you can see on this chart, a gigantic rising wedge it is completing as long as price is moving towards its target. Shortby Anton_curatola1
Victory Royale for Tencent?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 extremely accurate buy signals on any and all asset classes! Send me a message if you would like to try it for yourself!by RandallGurule1
TENCENT due for correction- Bearish divergence - Ending diagonal in 5th wave - This correction could influence Naspers and the SAtop40 all togetherShortby TheDavo903
Education: Tencent – Only Look to Long for The Time BeingLooking at Tencent’s Chart, it had broken out of an inverse head and shoulders formation pattern with relative ease. Price action is now hovering above both the 50 and 200EMA – a healthy signal that for the time being, its on an uptrend momentum. PA was also supported by strong buyers that emerged from its previous consolidation region during July 2017 A good support area will be at 310, while a big resistance region will be at 378. Stay cautiously bullish. Best Regards, NourCapital - Tracking Smart Money Flow Disclaimer: The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. by Nour_Capital2
TCEHY twelve days behind BABA?A close match in the chart, suggests TCEHY will fall to $30.Shortby adathertonUpdated 2
TENCENT700/1D, HKEX - SWING positionThe first pull back before H&S pattern on the 21st of sep' rebounded back down on the RSI 50 level (and 0.382 FIbo level) and went straight to the RSI oversold level to show the first shoulder on the graph. Then drew the head as the RSI was showing divergence. Candles went back up to 0.236 FIbo level (H&S neck level) before drawing the last shoulder. The last prices broke through two important levels : - RSI 50 - H&S Neck level (0.236 Fibo) You can also take a look at Ichimoku clouds. You will see a lot of bullish indications. Buy the current price (a bit risky) TP : 385 (0.618 Fibo) SL: 280 Take a long position with a R/R ratio 3:1 or wait for the price to pass the 0.382 Fibo level. TP: 385 Take a long position with a R/R ratio 2:1 Longby AntonijeStojanovicUpdated 1
700: Sort opportunityAn intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.Shortby TradingStatistics3
Tencent downtrend broken with a small inverted head and shoulderThis will support Naspers and the ALSI in coming days.Longby KoosKanmar5