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Tencent Holdings Ltd Unsponsored ADRTencent Holdings Ltd Unsponsored ADRTencent Holdings Ltd Unsponsored ADR

Tencent Holdings Ltd Unsponsored ADR

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Long Tencent On Pullback & Fav Macro WindsRecording this trade: Long Tencent -Entry: $343.80 -Stop: $340.80 -Target: $350.80 . I was quite conflicted while taking this long trade as I was wondering why did Tencent drop when peers like Ping An and Xiaomi were all rallying. There was good news on the trade war side and I did read reports of challenging times for Tencent. I have even considered going short but then I realized that this is a short intra-day pullback and decided to go long. I don't have any special analysis on this long trade, just the simple candlestick chart that shows a bullish Tencent and general belief that the market had turned bullish despite concerns on Chinese growth and debt levels (even with the Qinghai default). . Recording this to see how the trade will go. .
HKEX:700Long
by kailevel
Victory Royale for Tencent?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 extremely accurate buy signals on any and all asset classes! Send me a message if you would like to try it for yourself!
OTC:TCEHY
by RandallGurule
Education: Tencent – Only Look to Long for The Time BeingLooking at Tencent’s Chart, it had broken out of an inverse head and shoulders formation pattern with relative ease. Price action is now hovering above both the 50 and 200EMA – a healthy signal that for the time being, its on an uptrend momentum. PA was also supported by strong buyers that emerged from its previous consolidation region during July 2017 A good support area will be at 310, while a big resistance region will be at 378. Stay cautiously bullish. Best Regards, NourCapital - Tracking Smart Money Flow Disclaimer: The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
HKEX:700
by Nour_Capital
TENCENT700/1D, HKEX - SWING positionThe first pull back before H&S pattern on the 21st of sep' rebounded back down on the RSI 50 level (and 0.382 FIbo level) and went straight to the RSI oversold level to show the first shoulder on the graph. Then drew the head as the RSI was showing divergence. Candles went back up to 0.236 FIbo level (H&S neck level) before drawing the last shoulder. The last prices broke through two important levels : - RSI 50 - H&S Neck level (0.236 Fibo) You can also take a look at Ichimoku clouds. You will see a lot of bullish indications. Buy the current price (a bit risky) TP : 385 (0.618 Fibo) SL: 280 Take a long position with a R/R ratio 3:1 or wait for the price to pass the 0.382 Fibo level. TP: 385 Take a long position with a R/R ratio 2:1
HKEX:700Long
by AntonijeStojanovic
Tencent's Deep Correction Will End At $250 ??From a technical and Fibonacci angle, we should see a halt of the recent deep correction near $250 (i.e. 0.764% correction of the 2017's bull run started from $180 to $475). The 2018's correction was widely expected and from the previous historical data of the two big corrections of Tencent, a 40%-50% drop from all-time high should attract bargain hunters to accumulate this tech giant at a low level. My personal view is that the first wave of correction had already ended and we are expecting a bounce back to the huge gap left behind on the end of August ($343-$355). Let's see how Tecent can recover strongly from the abyss...
HKEX:700
by DevilTrader168