For 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.
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...
I like what I am seeing on the Tencent ADR chart. The price has been knocked back as a result of fears around Chinese government regulation - but as you may know - I'm always up for a good reversal play. The stochastic is signaling a bullish crossover while the RSI is signaling a bullish divergence. Currently at $39.99, the price is extended well below it's...
Tencent is a trending NASDAQ stock from china, formerly a bullish stock now very volatile often losing from lack of progress in the game Fortnite.
Tencent gets forty percent of Epicgames profits, the creators of Fortnite battle Royale, one of the most popular games ever created with nearly 150 Million downloads! unfortunately for...
TENCENT is a solid company that has been hit from the ongoing turbulence in the region.
The chart shows us that practically since January the stock gradually entered in a long 4th wave (down).
The projections of this move gave a target (black line) not far from the low of past Friday.
In addition Momentum shows that the stock is deeply oversold.
So, with solid...
I ain't saying it won't go down a little further, but, buying a company like that at a price like this is a no-brainer and too good an opportunity to pass up on.
This is to be kept long-term; with a potential for 30%+ to the upside. Tencent isn't going anywhere anytime soon.
fib levels looking at places to add/start a position in this monster
Tencent is a massive Chinese company that owns WeChat and a sizable portion of Fortnite among many other things
Pretty confident that FB's data on Americans is nothing compared to the data WeChat has on Chinese people due to how much the "super app" is used.