TECENT made an all-time high today. What's next?
Updated
Tecent (700) is a major component stock in Hang Seng Index (HSI). The index made another new high today and it's interesting to note that Tecent has equally made an all-time high today at $449 since its low at $365.20 on 6 December 2017.
Investors like you may be wondering how high potentially this stock can go. From a technical outlook, this stock has an upward bias. Based on our forecast, if the bullish momentum continues, we could potentially see this stock testing $460 as its first target. If the stock continues its bullish move, then we could potentially see the next target be $520. It may sound crazy honestly but this is purely based on our forecasting methodology. So we are happy to prepare a forecasting report on this stock and we will monitor its move closely.
Good trading
NinjaSingapore
17 Jan 2018
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Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Investors like you may be wondering how high potentially this stock can go. From a technical outlook, this stock has an upward bias. Based on our forecast, if the bullish momentum continues, we could potentially see this stock testing $460 as its first target. If the stock continues its bullish move, then we could potentially see the next target be $520. It may sound crazy honestly but this is purely based on our forecasting methodology. So we are happy to prepare a forecasting report on this stock and we will monitor its move closely.
Good trading
NinjaSingapore
17 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Trade active
1st Target $460 is achieved. Let's monitor it closely and see if it is going to hit the next target of $520.Trade closed: target reached
We will close this report on the basis that Tecent does not appear to be able to make a further high. We will look for another opportunity on this stock at another time.
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