La La La!!Good fundamentals shown in better than expected profits, growth in subscription and ad revenue. Technicals showing what i would look at as a bullish head and shoulders. If we break the tenkan we should be good to go.Longby taftrader0
Trading Idea - TME Tencent Music EntertainmentEstimation: 70% SHORT/SELL vs. 30% LONG/BUY 1.) TME is about to create a descending triangle! 2.) correction of downward trend is finished with the test of 0.382 Fibonacci level 3.) select entry according to the triangle outbreak. by Traderherz-AnalyticsUpdated 2
$tme perhaps here is the bottom and we have confirmed this . it is undervalued market cap.Longby Hephaestus_Trading_Desk0
TME: Approaching 3 Layer SupportTencent Music's fluky selloff was the result of Archegos Capital's reckless overleveraging. However, this selloff has created an interesting opportunity to buy off of weekly trendline, horizontal, and 50 day SMMA support. The fundamentals of TenCent remain unchanged and many Wall St. analysts maintain an average $25 price target despite the selloff. Revenue + Net Profit continue to increase QoQ. This may be a great opportunity to grab some shares of China's #1 music streaming company.Longby douglasjlupo1
$TME analysis This is by far the most interesting chart in the market right now ...the market initially broke out of a descending channel , shot out and lost momentum . it the decided to go back and test the backside of the broken resistance thus making it support. now a hammer formed on the weekly chart which suggests to me further bullish momentum may be expected ...by using Fibonacci i have a target of $42 Longby siya_south3
TME Flag w/6 testsTME has formed a upside-down flagging formation. It has also tested the 18 range 6 times now. With each test decreasing demand at that level. Looking for this to crack though the 18 level down to the 16.5 range where it meets resistance. Shortby BBTrader29112
Drama on the Stock Exchange 2.0 - TENCENT MUSIC Buy Now!Hello dear readers, In the last TENCENT Music analysis , I also talked about the reasons for the massive sell-off in Tencent and then created a trading plan. Now the price is in the buy zone and I will build a long position. The reasons are: - The sell-off was triggered by a Blackswan event. - The price is at a strong cross support of golden pocket, trend lines and horizontal support levels. - Volume is falling, the MACD shows a weakening of the downward trend. - Of course, everything could turn out quite differently here. But all in all, I think that the probability of a nice long trade looks quite good when all factors are taken into account. Now we have to be patient. As always, it is "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call for individual action! If you want to support my work I would be happy about a Like & Follow 🙏 Many greetings & success! Chartdigger Longby CRV_Trader3310
TMEThis trade is going to have 2 entries. The first one is going to be today but wont be a big positiion, and the second is going to be more agressive, just after it breaks the purple line. Reasons to trade this: MACD bullish crossing, MACD turning positive, Price making higher lowsLongby Frank_Inv0
TME buy the dip ideaTME recent drop looking to be gaining strength. Dip buy opportunity. Longby Verum0116
Naked PUT for $TME crash with 87% Probability of ProfitMy tasty pick for yesterday: Tencenrt Muc Entertainment big crash. (1) Prev. support holds (2) Fibo resistance at fast fall holds Max profit: $120 Probability of Profit: 87% Profit Target relative to my Buying Power: 31% Max loss with my risk management: ~$150 Req. Buy Power: $380 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 104 (ultra high) Expiry: 56 days Sell 2 TME May21' 15 Put Short put option for 0.6 cr each. Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~7% (!!!) Take profit strategy: 60% of max.profit in this case with auto sell order at 0.24db. Probability of profit this way: ~85%. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !Longby TanukiTradeUpdated 5
Very bullish on this oneLooking good on TME in my opinion making all time highs. Very very impressive technicals and especially fundamentals with continuing uptrend of revenue and EPS and would probably fit a CANSLIM stock selection. In terms of pricing, compared to other china stocks like BILI, BIDU, etc. with impressive fundamentals. TME should reach $100 per share as well near their pricings. Probably after this bear market were experiencing right now and low volume, TME would have a high possibikilty it wont go back to this $20 per share right now. Addition to that, you can see a huge volume the other day which represents intstitutional entry plus RSI indicates were almost on the oversold side which is a good entry point. Longby denebr223
TME likely to go up on the daily chart (PVSRA)Reasons Strong rejection from the 200/233EMA using PVSRA Fundamentals - Tencent Music Entertainment Unveils $1 Billion Share Buyback ProgramLongby JAPARICO5
Massive Block Trades Hammered These StocksTencent Music NYSE:TME which is basically like Spotify NYSE:SPOT in China, plunged 33% on Friday. In addition, shares of Viacom NASDAQ:VIAC plunged 50% over the last week! What exactly is going on? Other big Chinese tech names like online tutoring and constant target of short sellers, GSX TechEd NYSE:GSX as well as Discovery NASDAQ:DISCA and Baidu NASDAQ:BIDU and video streaming giant NASDAQ:IQ also saw big declines. This price action is truly unprecedented, because all of these stocks, especially viacom, have large market caps and they didn't release any news during this time. So the Wall Street Journal and Bloomberg have been reporting that major banks like Goldman Sachs NYSE:GS and Morgan Stanley NYSE:MS have been forcibly liquidating the holdings of big family office, called Archegos. Archegos is the family office of a famous investor, Bill Hwang. Apparently Deutsche Bank NYSE:DB and UBS were also serving as prime brokers to Archegos and were lending it cash and stocks. Before this crisis, it was estimated that Archegos was managing around 10 billion dollars. The details are still murky and not a lot of information has come out, but apparently the forced selling in the aforementioned shares totaled 30 BILLION DOLLARS! media reports indicate (although we can't verify this) that Archegos was using complex swap arrangements to build up stakes of 10% or even more of some of these companies. One of the reasons the fund used swaps was probably so that it didn't have to file additional regulatory disclosures. Most importantly though is that it seems there was an immense amount of leverage in the strategy that Archegos was pursuing. Only the bankers involved in this story really know what happened, but it's likely that some of the bets Archegos made (whether long or short we don't know) went sideways and the banks forcibly dumped his shares before they would be on the hook for the losses. The sizes of some of these block trades were just astounding. The Wall Street Journal just reported that on Friday Morning Goldman Sachs sold 100 million shares of Tencent Music for 1.8 billion dollars and Morgan Stanley followed in the afternoon with 36 million more shares that sold for around 600 million dollars. That's some weight on the tape. There was also fierce selling of Viacom and the other aforementioned names last week. It's likely that the banks were able to sell some part of these massive holdings to their other hedge fund clients, but a substantial amount were probably just dumped on the market at whatever price people were willing to take. It's probable that these stocks will recover somewhat over the coming days, especially because the declines are attributable to forced selling. Media reports indicate that the forced selling is mostly over, but anyone thinking about rushing into these discount stocks should consider that maybe this story isn't quite over yet. by TigerBrokers446
Tencent Looking bearish Looking bearish on the Hourly. RSI is already overbought while the BlueWave doesn't have an upper wave yet. (bad sign) I would wait a little bit till we have a confirmed green dot (buy signal) combined with an oversold RSI to go in.Shortby MoonBetsUpdated 2
TME (NYSE) - Be CarefullGreetings 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, feel free to send us message (inbox). Pra Trading : - Please care for Money Management - Have a good psychology - Do not be hurry to open position and do not do nothing if u see opportunity - Evaluate and upgrade your trading plan Execution Strategy : - Know what you want to buy, see the Fundamental - Decide that you are on investing or speculating - Consider what your strategy based on Investing/Speculating - Make Road Map Of Your Trading Plan - Decide a. Entry strategy b. Cut loss c. Target of Profit Post Trading : a. Do not be sad if you loss or do not be very happy if you win b. Just become a normal without emotion, Do not put emotion into your trading c. Evaluate your trading d. Keep on Learning e. Be Humble Idea : TME (NYSE) - Be Carefullby MultiAssetX2
Chinatown Beatdown on $TMEPanic sell last couple days. Finally found a channel, poke out a bit, did it again at close today. Only a 15min timeframe harmonic on this so looking for small pullback, then back to movin' on up. That bottom support it ran into was back from November.Longby TheHappyCrab1