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Tencent .. my ten cents worth on it sharedQuick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year. There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO. Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts. So, this is called planning the trade... and in doing so, we might expect a dip in the week of April 25 at about 320-350. IF it does play out to that, we can expect a bottoming pattern to form, and then start looking to go shopping. Not before. Here we are planning the shopping trip. For now, it remains as a plan. Wait for it... For you, my friend... just so we go live on what we spoke about.
HKEX:700
by Auguraltrader
Return to long term bullish momentumPAX Global Tech (Ticker: 327) is a HK-based producer of cashless payment hardware similar to Ingenico, while being significantly more undervalued than the latter. long term target for the stock is 10-15 HKD. Since the huge breakout in Aug the stock followed the exact same pattern 3 times already: - 2-4 days breakout on higher volume - backtesting of breakout area - next leg up along long term trend line In the next few days, I expect PAX to consolidate at a price level of ~4.7 HKD - in a similar fashion; Once connected to the long term trend (blue line) I expect a huge leap upwards within 2-5 days and a following consolidation and backtest slightly above previous breakout levels. The short term target for the 1st week of Nov is in the area around the intraday high in Aug (5.4 HKD), and I'll give it a >50% chance that this will be even exceeded during the run up. So we're looking at a +15-20% gain within 2-3 weeks. Long term I am bullish on the stock anyway, so every level here is a clear buy. the company sports a PE of ~6 while earning double digit ROICs, having a healthy growth path in emerging markets and started paying increasing dividends and uying back their own shares.
HKEX:327Long
by Rosco66
The last stand for Hang SengAs the coronavirus outbreak plaques the global markets, Chinese equities have posted an optimistic V-shaped recovery but we've yet to see similar bullish sentiments from the H-shares. With the market testing the critical 26000 support again over the past week, the price actions looks like buyers are struggling to defend the 26000 level. Times are critical as a break below the 26000 support would see a breach of the key trendline support and complete the head and shoulders pattern. I am keeping my eyes peeled.
TVC:HSI
by Ian15
1
Hang Seng Index reversed off resistance, potential drop!Hang Seng Index has reversed off our first resistance at 27219.5 (horizontal swing high resistance, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 24437.6 (horizontal swing low support, 100% Fibonacci extension ). Stochastic (21,5,3) has reversed off resistance and we might see a corresponding drop in price below this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:HK33HKDShort
by FlowState
China Mobile: If you have to own 1 name...If you have to own one name today right now, this is IT. Boring old cash rich China Mobile has been trading in this channel since 2009 and this is the 3x time 941 is testing the lower end of the range. There is 5% to pick up before it hits the 1st resistance and potentially +35% if it tests the top of the range. To sweeten the deal, if you hang on till the end of the month, specifically the 25th, the kind folks at China Mobile will cut you a check for 2.1% yield. If you need more convincing, China Mobile owns 38% of China Tower which just filed for a $10bn IPO in HK. State-own IPOs in HK are just like butter on popcorn, nothing will taste better than China Mobile when China Tower starts popping on IPO day.
HKEX:941Long
by WellTrainedMonkey
Here is something to take a look. BTCUSD Bitfinex analysis. So, i've added: Purple horizontal lines each $500 Yellow vertical lines - 9:00 am (UTC -8) NYC Blue vertical lines - 9:00 am (UTC +5) HK Fibonacci retracement build by $12k and $9k Blue fib speed resistance fan from beginning of current growth trend and height of current trend Red fib speed resistance fan from beginning of current growth trend and first height of current downtrend What is idea, to take a look on BTC dependence of different time zones and to find accurate fibonacci. This is just a beginning, so just copy it and leave something comments below if will find something interesting. I'am going to share all thoughts, so stay tune! 2 words about current situation, so, i've added a 9583,7 level below which the price should not fall, but we have to keep on mind 8300-8000 level, I hope that I'm mistaken, but anyway. GL.
BITFINEX:BTCUSD
by pmktyn