TENCENT - First hurdle - Following the previous post in the link below , price is back at another "key" level - Down sloping 50 day moving average - Down Trendline - Below the 200 day moving average We could flag here to reset for the next push up or fade back down to earlier support zone. Im still bullish on the long term but am cautiously watching each level of resistance -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-Dan0
SupportedThe Bollinger Band, The high of August 13th and the Fibonacci are supporting a recovery.Longby motleifaulUpdated 0
tencent movement10cent long move tp 6.2-6.4,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Longby GlennTong0
Time study about 700 Tencent700 first down wave runs 55 trading days from Feb 2021 700 second down wave runs 55 trading days from June 2021 I'm expecting 55 trading days up from the recent bottom! happy trading!Longby qero1
Tencent bearish to $450 Tencent if do not go up above 620 beyond the moving average by next week and break below 590. We would expect a fall to 500 Range and possible hitting 450-480 zone. $450 would be an attractive price to buy and hold Tencent for the long term. Shortby 100dollarUpdated 223
Is this the bottom? Double your money from these levels?It may or may not be the bottom, may be another $10 downwards. But this is the time to buy chinese stocks. If it looses another $10 then buy more. My long term target is $150. by babu_trader113
Buy near the supportBuy area would be around 45 ish, the target would be around 68-70 Do your own research.Longby stktk0
JICPT| Tencent bouncing from previous low with better earning!Hello everyone. The reported earning today is way better than the estimated number. However, I noted a gap down at the opening with previous low sitting around HKD 421. Basically, the continuation of the crackdown on the tech companies worried investors. Today's upper wick candle suggested selling pressure. The nearest support level is previous low of HKD 421. What's the next key support level if 421 is violated? On the Monthly chart, HKD 394 is identified as a confluence supporting level with flip, mid-term MA and uptrend line . Don't use up all your bullets if price drops to the level. We all know that emotion may push the price further down. But, in my opinion, HKD 394 is really a reasonable & cheap price for Tencent. I'd like to hold it for 2-3 years. What do you think? Give me a like if you're with me. by JICPTUpdated 6
Tencent Long IDEATencent like any other China Tech Stock has fallen to a strong support, fundamentally I feel the regulatory changes is a good way moving forward and this companies will find a away to navigate out of this situation strongly. Longby SCUM41
History repeat itself?700, Last time Largest Share holder sold their share around mid - Mar, then, the sold off ended the same day HSI future final day. Oct 30, 2018 from the top of sold date, it drops 47.14% This time, the same share holder sold their share beginning of Apr with high at 656.40, if we cut it by 47.14% and make the low date of HSI oct final settlement day, then. we should see Price: 656.40-309.4 = 347 Date: OCT 28, 2021Shortby qeroUpdated 2
Tencent (TCEHY, 700) | Technical ConfirmationHi, Another example of technical confirmation. Do your own fundamental research and if the future looks bright enough then you are ready to go from my marked buying box Regards, VaidoLongby VaidoVeek16
Not sure if we get to 40 bucksBut if we do, I will be starting to DCA into a position. This is not the time to go short or long. This is the time to wait and see.by MikeMM1
EO500 Tracker: Tencent Boost Overseas Sales Amid COVID-19Founded in 1998, Tencent is one of the oldest big tech companies in China. The tech giant has dominated the entertainment universe, focusing on integrating its digital ecosystem. With the acquisition of Riot Games, Tencent has amplified its global influence in the entertainment and game industries. In recent years, while its funding activity in some countries, like Korea, were entertainment-focused, the firm's M&A and investment in other regions, such as India, were more comprehensive, aiming to build an ecosystem. In 2020, the company invested more than CNY 275 billion (year-on-year growth of 84%) in overseas markets, focusing on North America, Asia and Europe. Meanwhile, its overseas revenue hit CNY 33.9 billion in 2020 compared with CNY 16.7 billion in the previous year.Longby EqualOcean0
A Glance at Tencent's Insurance Technology VenturesTencent has also sped up its venture into the insurance industry. In 2016, Tencent invested in Waterdrop Inc, which turned out to be China's first Insurtech stock (WDH:NYSE), as one of the angel investors. In 2017, Tencent also received the admission ticket, which is an insurance license for its Weimin Insurance Agency Co., Ltd or WeSure issued by CBIRC. WeSure Launched in 2018, WeSure had attracted about 50 million clients as of November 2020. Meanwhile, the number of its registered users has exceeded 100 million. Benefiting from the powerful data networks of WeChat and Tencent's other platforms, WeSure has provided its partners with vital insurance-related technologies, including anti-fraud, risk identification and precision marketing. Users can make insurance purchases, inquiries and claims directly on the firm's vastly popular instant messaging and lifestyle platforms, WeChat and QQ. WeSure has its own edge competing with AntSure. AntSure focused on 'insurance supermarkets' and relied upon cost-effective products based on natural flow conversion from its ecosystem. On the other hand, the focal points of WeSure are its selective customized products and real-life consulting services, which can provide enhanced one-on-one services to help customers with insurance configuration, claims assistance and more. Besides, WeSure has always taken the initiative to partner with foreign insurers, such as AXA and MetLife, to further expand the scope it can reach. In the early stages of COVID-19, WeSure and AXA launched an insurance plan which protected more than 100,000 front-line medical service staff, and the total insured amount of people through WeSure is over 15 million since the outbreak. In addition, WeSure has actively explored charitable opportunities through the use of online insurance; for instance, WeSure established the 'WeSure Charity Fund' to enhance the effectiveness of insurance as a social stabilizer through leveraging the Internet and insurance to increase participation in philanthropy. Bottom line Despite the regulatory shakeups, WeSure and AntSure remain key tech-powered driving forces in China's insurance domain, embracing the potential to reshape the industry landscape. For the full article with the charts, please visit the original link.Longby EqualOcean0
Bounce to 533 and Dive DeepJust a thought for the Tencent stock once it goes up to 533, it may change directionShortby CarpeDiemmm0
TCEHYThere is Waddah Div Gap fill More than likely a chop market for about 2 and 1/2 to 3 months. Its also resting on a fib line from the low of August 17th 2015 and the high of February 8th 2021 Longby asterick101010Updated 0
JICPT| Tencent pending breakout to challenge bearish structures!Hello everyone. It seems HK investors calmed down a bit regarding the tightened regulation on tech companies from Beijing. Let's have a look at Tencent. On the weekly chart, price has closed above key level of 477(flip and moving average). The emotional selling seems to be over. On the daily chart, price refused to create lower low with a nice gap-up formed today, indicating strong momentum. But I do notice trouble zone of 510-523 ahead . I will pay close attention on the arrival and candle formation. The firm supply zone is 570-580 . I guess huge selling pressure there. Let's get back to the basic. I don't believe government want to kill the techs. The change is from no regulation to regulation. In the long term, regulation helps tech companies to grow in a sustainable way. So, I'm bullish on Tencent for the long run. What's your opinion? Feel free to post your comment below. Longby JICPT2
8/9 TENCENT(1) simply watch the chart, not much technical analysis for this one (2) I'm ready for picking up some :/by Tom_the_Moon1
Tencent at KEY technical levels!From a price action perspective, Tencent looks primed to make its next leg up. Firstly, price has found support on a bullish trendline formed in late 2018 that has been tested and held multiple times. Secondly, price has bounced off the weekly 200 day MA, as it has done previously in March 2020 and October 2018, with a high level of accuracy. Thirdly, price has made a 0.618 Fibonacci retracement, a key reversal level, from its October 2018 lows. Moreover, the RSI is showing oversold levels but more importantly is showing bullish divergence. Taken together, a trader may have a high level of bullish conviction based on these technicals - it really does look like a textbook move. Despite this, from a fundamental perspective, Chinese tech stocks are under a massive amount of pressure from the Chinese government over monopoly concerns. Cathie Wood of ARK invest recently liquidated large amounts of holdings in Chinese tech stocks. Other Chinese tech stocks like Alibaba and Baidu have also recently suffered a deep slide in their share price. Should the regulatory concerns blow over, this set up presents a very attractive reward. However, the fundamental risks must not be ignored and still present a very real threat to the stock price. Longby zvissss0
Tencent showing divergence As you can see in the image, RSI has travelled up while price has moved down. It shows momentum loss and probably we are headed for 550 or thereabouts.Longby Jezza3230
Good company with excellent future prospectsProbably one of the best ideas in the Chinese stock market along with Alibaba. The company has excellent financial performance, good technical picture on the chart, lots of other assets. There are certainly risks that the situation could get worse, so I will buy in parts @ 470-400.Longby Heist_FlyZ0
tencent 4 hourlypossible move to cover the gap 1st..........................................Longby GlennTong0