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 $7 confirms bearish sentiment and we're looking...
Technical analysis can be used in many ways. Someone applies to AI projects and also someone uses only the trading view tools function that is enough to predict price the first sight. As you may see in the chart view, we need to find the pattern of the accumulation phase. The question is how we know the big buyers (insider/hedge fund/billionaire) are...
NYSE:TME Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%, TP 1~32 TP2 ~34 CALLS for 16 April Strike 35$
the movement of the last few months of TME seems to me to be delimited by two dynamic supports that converging form a triangle, if the dynamic support holds up it could return to the upper level first and try the upper breakout later, otherwise the lower break could bring the title back towards the lows
The PEAD projected a Bearish outlook for $TME after a Positive over reaction following its earnings release placing the stock in drift B.
The PEAD projected a Bullish outlook for $TME after a Positive Under reaction following its earnings release placing the stock in drift A.
Buy TME now and more low price Sell levels on the chart Profit 130-200% Stop-loss if break RSI divergence Wish you luck !
tme broke below extreme support at the start of December, since then it failed to break back above and has made lower highs.. all bearish signs. also keep in mind this is a recent IPO, when I zoomed out there was no more signs of support left.. so be careful if long! like and follow for more 💘
Will you trade TME with this setup? Or wait for a breakout?
A Flat formation is in order. This one is a switch from a previous massive zigzag - a law of alteration in practice! Where to from here. Probably not much lower than origin of B at most. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with...
we have broken channel and head and shoulders .. buy at 9.66 ..first target 14.02 finally target 16.00 ..stoploss under the support level
I'm looking at a potential buy on TME with the potential for a nice gain. This is just my opinion and idea for a stock, and this is not financial advice . Let me know what you think and lets see what happens with the trade tomorrow.
All time Shark Harmonic, bullish divergence on daily, use all time low as support/stop.