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.
Added positions in China as I see strength in growing middle class/consumers.
- More attractive valuation than those in US.
- I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China.
- I am focusing on purchasing best companies in China in technology space.
- I like internet of things and I ...
This stock is the most exotic thing that in my opinion has been even shown on US TV.
Tencent is the massive technology conglomerate of China. I will just list some random things next:
• Most used app
• App has everything
• Government involvement
• Shady stuff
• Owner suddenly selling all
• Big holdings in other companies worlwide
The stock is not listed in the ...
TCEHY fell and coming close to any uptrend line at 48.50. RSI has remained flush at 51% before and held. Support come in at 44.88 S2. News that Tencent will buy 10% of Spotify if and when it goes on the market.
If you look at this stock, especially in the monthly chart, you will see it is in an tremendous uptrend. And we just hat a little pullback.
So if this pullback is over now, I will enter a position. I will go long and follow the trend.
Only thing is, my personal entry triggers aren't really reached.
I want the EMA 200 to support the trend (done)
I want the ...