Price is on a downtrend. Buy-side liquidity was grabbed a few days ago at 403.6, but price is unable to close above. Also note that price is building sell-side liquidity. I'm expecting price to take out sell-side liquidity to the downside. Other than this, price action is choppy here and could be the start of wyckoff accumulation schematic.
#longshortcompetition Long: TCEHY / Short: ATVI
Not only do the technicals show a downtrend with support for Tencent. I for one can see the writing on the wall for activision blizzard . They aren't a "bad" company. But boy oh boy have they been taking L after L after L.
Whether its corporate structure, actual incompetence, etc. As someone who grew up on games...
1Q Miss and COVID Likely Delays Recovery, but Easing Regulations Should Support Investor Sentiment; Maintain BUY and Decreasing PT to HK$400
HKEX:700
We are maintaining our BUY rating but decreasing PT to HK$400 (was HK$475) after Tencent reported 1Q earnings miss and implied continued macro challenges for 2Q. Domestic game revenue declined 1% y/y. Int'l game...
- Some constructive moves on Tencent as it regained the 50 day moving average
- Still early to turn completely bullish but will be watching closely to see how it develops
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
I think we've hit major broad market supports. All the big target of 2021 have hit. Many stocks were targeted 70 - 90% down and they're there.
Now into accumulation mode. Using stops on all trades. It's a good time to be a busy bull with stops I think, crazy time to blindly buy with no exit strategy.
Been waiting about a yr to buy this one. Long now.
This fractal is something I noticed back in Sept and at the time I just found the coincidence funny and didn't take it too seriously, I wish I had though, because it would have been a great short!
Basically I took the rally starting from the bottom in Mar 2020 and then flipped it upside down and moved it over so now the peak in Feb 2021 is the current bottom. It...
Tencent fell mainly due to chinese govt crackdown on large chinese firms and the penalties tencent faced recently.
overall the company's cash on hand makes it stronger , with chinese govt supporting these large corporation to sustain its economy, expect to see these chinese growth stock recover slightly.
Quick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year.
There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO.
Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts.
So, this is...
Price target for TCEHY Tencent is $56.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Fund anchor began the journey of the rematch, from the beginning of profit to later all the way loss, no matter how to analyze, tears have not cried out however...
Financial analysts began to show their cards, self-mockery of the stock market is really difficult ~, anyway, he is not responsible, only for the shareholders of healing, in most of the time to call...
Hello Traders, Investors and Speculants :),
You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam.
Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent...
- Tencent is -60% from its high (Feb 2021)
-30% Just in the last month (Mar 2022)
Rising wedge measured move could reach the 250 level at this rate . Nasty 😨
