Tencent is approaching resistance, potential reversalPrices are approaching resistance where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Tencent
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.
LONG 700 (Tencent)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
TCEHY has 13% farther to fall on regulatory risksStock wants to test the 50 week ema and the long-term trend line near it.
TENCENT - HKEX - Continue Bullish to ATHHumbled, 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.
TENCENT - HKEX - Continue Bullish to ATH
TENCENT BUY OR LONG - TARGET UP TO $650TENCENT can confirm the " Rectangle " pattern if the price reaches $567, I will wait to buy.
TENCENT buy : $567
TENCENT target : $650+
Stop loss : 6%
Wish you a good deal.
Tencent might pull back to the support line and bounce ! Tencent might pull back to the support line and bounce !
Tencent's pullback correction could be used as a sell entryTencent could pull back to the 23.6% fib retracement, after a strong sell-off session today. Technically, a pullback is healthier in the longer-term to gather more bearishenss downward. if we can catch that pullback, it will be a good sell entry to rider the bearish trend going forward.
Tencent might see further downside given more stricter scrutiny!China’s antitrust watchdog fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s
intention to tighten oversight of internet sector deals.
The penalties come after regulators last month declared their intention to increase scrutiny of China’s largest tech
corporations with new anti-monopoly rules. Beijing in November unveiled draft regulations that establish a
framework for curbing anti-competitive behavior such as colluding on sharing sensitive consumer data, alliances
that squeeze out smaller rivals and subsidizing services at below cost to eliminate competitors. Shares in Alibaba
and Tencent extended losses and closed down more than 2.5%.
Naspers Buy-SignalAfter a very long side movement there is a new buy-signal at 177$. The goal would be 249$ now.
Naspers is a big south african company who owns 30% of Tencent.
TENCENT (700) BUY OR LONG - TARGET UP TO $650Tencent has confirmed the " Rectangle " pattern as my favorite, I bought it.
Tencent buy : $565
Tencent target : $650
Stop loss : 6%
Wish you good deals!
Tencent saw more upside after bouncing from the support ! Tencent saw more upside after bouncing from the support !
Trump WeChat ban shouldn’t worry China tech stocksPowerful out performance in China tech unlikely to be undone by new Trump executive order
Tencent & Youzan Trade Updates for Jul 29th Holding Tencent and Youzan after the publicly given buy signal linked below.
Tencent - 700HK
Does the stock price build a double top formation?
Will the stock price cross the previous valley low at HKD 511
If yes, the formation target price would be HKD 458; another 10% lower
There was already a double top formation on the weekly chart February 18
After a sharp decrease the stock moved sideways over several months
PDD, Youzan, Tencent Positional Updates (+128%) 💎PDD closed at upside target for a profit of +35.05%; un-marginalized
China Youzan closed at upside target for a profit of +70.48%; un-marginalized
Tencent long position, floating +22.58% with stoploss covered and 1/4th profit taken (closed).
Tencent - Heading to 1 Trillion ValuationThis is continuation pattern and Tencent parabola remains intact.
Don't reach out to me. I don't read messages and comments.
TENCENT mid time or long time bearishThe first small head and shoulders pattern completed. But the second one is too big to become real. I think it is not time for new ATH. RSI, stochastic, Bolinger band, and CCI are bearish and others are indicating negative.
💎 Asian-Pacific Portfolio Update: +75.57% Since Jun 10th 💎All trade given on my page on the 10th of june as free signals! 💎
Combined return from these positions alone; currently floating: +76.20%💰
!PDD: +26.78%
!tencent: +8.48%
!youzan: +40.00%
Tencent Music Ent. $TME "Brekout"$TME just broke $13.37 out with high volume. RSI is still below the trendline though. There might be a pull back but it is very strong for an upside rally.
12 months Consensus Price Target: $16.11
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