confirmed triple top on 700triple top is confirmed as the breakout to the downside. The move by the US president bring uncontrolled risk to the investor of tencent and resulting in possible further drop. Beside, the technical also suggest the target of 48x in reach after the breakout confirmation of triple top Shortby alphayuen20120
Tencent & Youzan Position UpdatesThe remaining of three trades taken here remain open prior to the open of Asian equity market's tomorrow. I've gotten some questions regarding my Chinese holdings, and the Trump ban on Tik-tok. I stand behind these calls and will be holding both and will provide updates on partial closes when taken. Longby TayFxUpdated 24
Sell your Tencent stocksAccording to CNN, "Tencent just became Trump's new target in the tech war with China" And now, he is making an executive order to end financial transactions with Tencent in a month. Currently,the Tencent stocks are going down significantly. Shortby LuckyCat8082
Window ClosedOn Tuesday we gapped up and closed last weeks window. With new momentum yesterday we may expect further rise.Longby motleifaulUpdated 3
Tencent & Youzan Trade Updates for Jul 29th Holding Tencent and Youzan after the publicly given buy signal linked below. Longby TayFxUpdated 19
Tencent - 700HK Does the stock price build a double top formation? Will the stock price cross the previous valley low at HKD 511 If yes, the formation target price would be HKD 458; another 10% lower There was already a double top formation on the weekly chart February 18 After a sharp decrease the stock moved sideways over several months Shortby Oliver-Basel4
TCEHY - watching for reversal Just trying to spot the trends, although I love tencent no matter whatby katblatUpdated 4
TENCENT Next week !It WIll DEcline , And If It crosse The reed line with a red candle , I advais you to Sellby ALAOUAL5
Manage your fear on the way upI know it can be a little scary when you are averaging up instead of what's commonly preached, averaging down when you go long on a stock, index, etc. The purpose of this chart is to illustrate there are ample opportunities in the market if one bothers to look closely. Some of the things I discovered in my journey of trading/investment on missing out good deals are , but not limited to : 1. Greed - wanting to partake in each and every stock out there. We need to know the size of our capital and by spreading ourselves too thinly, we may lose opportunities like this. 2. Lack of strategy - Without a consistent strategy, one's confidence in analysing the chart is based on what's the latest kids in town (indicators) to rely on. That is dangerous because it can send conflicting data and if one misread it , again, opportunities are lost....... 3. Fear - I should have bought at this price ......a common thing we heard from traders all the time. To put things in perspective, is it too late to enter now ? There are no fewer than 3 opportunities that I have shown that one can enter for this stock. 4. Pride - Are you too concerned about buying at a higher price and worrying if it falls, it would be embarrassing to tell your friends about it ? We , humans sometime place too much emphasis on pride and because of that, we let a good opportunity slip by. Read the latest article here and you may want to reconsider when the next opportunity present itself...Longby dchua1969Updated 336
Tencent facing bearish pressurePrice broke out of our support trend line and is holding below our resistance trend line & 20 EMA. A test of our sell entry area could present an opportunity for a short. Shortby lixing_gan118
New Alltime HighNothing else to say. This seems to have still more potential.Longby motleifaulUpdated 6
WE-BUY? - IN PRICE DISCOVERY MODEWeChat is an amazing app. Hands down it has almost everything one needs in order to get by daily living, including social interactions, payments, insurance and investments. Having lived in China for many years as a foreigner, I have seen the likes of social media platforms rise and fall. Founded by one of the THREE BIG MAs in China, Wechat is a behemoth in the IT world. Their personal touch and attention to the needs of the masses separate them from Jack Ma's Alibaba and Alipay. These days, I DO NOT see anyone NOT USING Wechat in China. Their integration of Wechat moments, simple messaging system and idiot proof money transfer/payment system rolled into one makes Facebook and whatsapp look prehistoric. Perhaps there will be a correction in the near term, but for the EW analyst or even those who use fractal and chart patterns, it is hard to ignose this one. Verdict - We Buy.Longby drjasonhoUpdated 4
Tencent - Heading to 1 Trillion ValuationThis is continuation pattern and Tencent parabola remains intact. Don't reach out to me. I don't read messages and comments.by UnknownUnicorn735418112
prediction on tencent based on elliot wave theorybased on elliot wave theory, retracement would happen soon on tencent and a big increment is expected in upcoming futureby alphayuen20126
TENCENT mid time or long time bearishThe first small head and shoulders pattern completed. But the second one is too big to become real. I think it is not time for new ATH. RSI, stochastic, Bolinger band, and CCI are bearish and others are indicating negative.by BtNdUpdated 5