Tencent - a multibagger , buy this for the next generation
Updated
This is one stock that I want to keep for the next generation.
It is now forming a nice symmetrical triangle pattern on the weekly chart.
See : fx-australia.com/forex-education/introduction-to-trading-patterns/symmetrical-triangle-pattern/
It registers more than 10,000% returns if one has bought it in 2007 till now.
qz.com/1733132/chinas-tencent-has-invested-in-more-unicorns-than-softbank/
prnewswire.com/news-releases/tencent-announces-2019-third-quarter-results-300957456.html
forbes.com/sites/jamesberman/2018/11/02/the-number-one-emerging-market-stock-to-buy-now/
scmp.com/economy/china-economy/article/3021363/china-nudges-top-tech-firms-tencent-alibaba-give-new-life
It is now forming a nice symmetrical triangle pattern on the weekly chart.
See : fx-australia.com/forex-education/introduction-to-trading-patterns/symmetrical-triangle-pattern/
It registers more than 10,000% returns if one has bought it in 2007 till now.
qz.com/1733132/chinas-tencent-has-invested-in-more-unicorns-than-softbank/
prnewswire.com/news-releases/tencent-announces-2019-third-quarter-results-300957456.html
forbes.com/sites/jamesberman/2018/11/02/the-number-one-emerging-market-stock-to-buy-now/
scmp.com/economy/china-economy/article/3021363/china-nudges-top-tech-firms-tencent-alibaba-give-new-life
Note
Those who longed Tencent with me at this price will not be too affected by the drop from 760 to 627. In fact, this is a a great opportunity to accumulate more of this company. You can buy now or wait for the breakout followed by a bullish pattern.
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