- Tencent is -60% from its high (Feb 2021)
-30% Just in the last month (Mar 2022)
Rising wedge measured move could reach the 250 level at this rate . Nasty 😨
═════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
Nothing much to say here, after a sizeable down move prices are consolidating in...
Tencent Holdings’ valuation is relatively cheap now. Tencent’s logic is very simple. Conservatively, even if it is an infrastructure with a growth rate of only about 10%, it can also correspond to a price of around 430, with a margin of safety, but Tencent should be more than just a foundation. Facility, I think the market's concerns about antitrust are overdone,...
Despite the recent crash in Chinese stocks, TENCENT & JD seems to be the leaders in recovery. The reason may be due to their more diversified business segments. Alibaba & Baidu are the laggards.
The chart shows that the channel & Fib levels are being rejected.
Most likely wave 4 has already bottomed & wave 5 of III has started.
Wait for price to break the diagonal...
SELL/SHORT!
ENTRY: 61.80 USD
TARGET: 48.70 USD (profit 21%)
STOP: 68.12 USD
The trend is your friend!
Fair price for Tencent is 47.00 USD to 50.00 USD. This range is the aim of the next SHORT trade.
Stop loss above the last touch of the downtrend line (Septermber 2021). Target is the POI of the last year.
Tencent holding up fairly well this morning after Friday's USTECH sell off...
Something to note is we do have a little unfilled gap below and we currently testing the short term uptrend.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Tencent (0700) is currently trading near the green trendline. Its EMA10-EMA20 and MACD golden cross suggesting a possible uptrend. Hence there is a possibility of a retest of the HKD510 resistance with next resistance at HKD550.98. In contrast, a bearish bias and a short selling opportunity might arise if there is a daily close below the red trendline....
Hello everyone. It's been a while since I published ideas regarding Tencent. After analyzing the global market to identify the sweet spot to park the assets for my client, Tencent again got my attention.
From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion,...
Tencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00)
Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
My Humble Opinion on Tencent
Currently, the price is in the consolidation zone. Note that the "consolidation" process is a neutral term. It does not have a bullish or bearish bias. It just means that there are BOTH buyers and sellers interested within that narrow range. Hence there is a lot of transactions for a long period.
Over a period of time, either the...
Tencent Holding - Intraday - We look to Sell at 65.30 (stop at 68.70)
Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
Hello,
if you are the true investor, someone who has big amount of cash to invest in stock,
absolutely u will reasearch for big market cap stock which can give you more stability and also gain.
At the long term, we can see that tencent is bullish, so it give more opportunity to keep you safe even you are enter in wrong time.
so what is the idea now :
1. We need...
