The market sentiment towards Chinese stocks is once again very low, restored tariffs can only lead to more pain in these stocks which are often clustered into ETF's. If overall market sentiment was to slip any further in the coming week TME will certainly suffer severe price declines. This is certainly not a stock we would be trading into earnings, but will keep...
Generally have a negative outlook on recent IPOs; waiting for clear signs of reversal of uptrend with potential entry at in the low $18.00 range and continued TPs set there under. Trade responsibly; TPs and SLs
Don't get me wrong, TME is a great company with good fundamentals but, it is setting up for a pullback.
I expect TME to pull back a little in the short term but, still unsure long term.
Last earning it got punished but moving up nicely now. Consider this a mini-Spotify. Backed up by Tencent. This is a money maker and price is just right.
This company has a massive user base in Asia and is new to NYSE. I see the stock doubling in 12 months
Long position, +47%, expecting higher - if earnings BO tomorrow, will let consolidate and add more!
Break out. Nice construction, heavy volume! should fly to 20 near term Long @ $12.95