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Tencent Holdings Ltd Shs UnSp Singapore Depositary Receipt Repr 1/10 ShTencent Holdings Ltd Shs UnSp Singapore Depositary Receipt Repr 1/10 ShTencent Holdings Ltd Shs UnSp Singapore Depositary Receipt Repr 1/10 Sh

Tencent Holdings Ltd Shs UnSp Singapore Depositary Receipt Repr 1/10 Sh

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Future of Tencent ?Yes like many investors, I too did not like what I had read thus far about Tencent and it subsidiaries. Article here Will it follow the fate of Baba where share price plunged more than 30% from its peak ? I suspect more volatility ahead for HK and China Tech companies and movement in Nasdaq could also have an impact on its share price. Now with the 1400 stimulus in the hands of the US citizens, would this 100 over billion dollars be pour into the market ? If yes, then we could potentially see a spike up soon and high tide rises all vessels and that would help the HK and China shares as well. So, for those who bought at a high price and feel you do not want to stomach further risks, then you may want to cut loss and buy back when it is cheaper. I own Tencent along with many other companies with some in the red as I bought at higher prices but overall portfolio still in the green. I am also taking partial profits for some stocks that have gone up quite a fair bit over the last 2 months. My short term trades have not been too good as well leading to some losses. So, I am taking a short break from trading and focusing on reviewing my portfolio. I could be taking some short positions to take advantage of the market volatility and I would post soon if I encounter any interesting company. Till then, stay safe, always use a stop loss, allocate proper capital and understand that market does not move in a linear fashion but series of ups and downs. It is what you do with your mind during this downtime that sustain you to go forward. For Tencent and Baba which I owned both companies, I find their business model are still intact and thus the recent selldown would be a good opportunity for me to accumulate its shares. But that is imo and I do not represent the majority so take a pinch of what I do and do your own due diligence.
HKEX:700Long
by dchua1969
1
700 (HKX) - TENCENT Go BullishGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan Analysis 700 (HKX) - TENCENT Go Bullish
HKEX:700Long
by MultiAssetX
1
Opportunity in Chaos 2 !The same thing can be said for Tencent too. Read my analysis on Alibaba here In the 4H chart, I am queuing to buy at 502 support line , a strong support in the past months. However, if the government is pushing its envelope and step on the accelerator in regulating these Tech giants, we could possibly see the share price drop even further to 419.50. If that happens, I would buy even more. Of course, the short sellers are happy to short down these giants during this periods and that cumulative actions might cause the company to take actions to shore up the share price too. Let's review this in a month or two and see what will happen......
HKEX:700Long
by dchua1969