2022-02-23 00700Tencent Holdings’ valuation is relatively cheap now. Tencent’s logic is very simple. Conservatively, even if it is an infrastructure with a growth rate of only about 10%, it can also correspond to a price of around 430, with a margin of safety, but Tencent should be more than just a foundation. Facility, I think the market's concerns about antitrust are overdone, and I feel that Tencent's opportunity is similar to that of liquor during Prohibition. Of course, in terms of the future trend, it may not be very fast. Liquor was not fast in the past, but after many years, it is really a good position at a large level.
Technically, there is currently a bullish Gat force. Let's keep going long.
TENCENT; respecting Upchannel & Fib levelsDespite the recent crash in Chinese stocks, TENCENT & JD seems to be the leaders in recovery. The reason may be due to their more diversified business segments. Alibaba & Baidu are the laggards.
The chart shows that the channel & Fib levels are being rejected.
Most likely wave 4 has already bottomed & wave 5 of III has started.
Wait for price to break the diagonal pivot line.
Not trading advice
TENCENT - 🧐🧐🧐Tencent holding up fairly well this morning after Friday's USTECH sell off...
Something to note is we do have a little unfilled gap below and we currently testing the short term uptrend.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
TENCENT (0700)Tencent (0700) is currently trading near the green trendline. Its EMA10-EMA20 and MACD golden cross suggesting a possible uptrend. Hence there is a possibility of a retest of the HKD510 resistance with next resistance at HKD550.98. In contrast, a bearish bias and a short selling opportunity might arise if there is a daily close below the red trendline. Subsequently, downside support located at HKD400 and HKD368.
JICPT| Tencent in the late stage of accumulationHello everyone. It's been a while since I published ideas regarding Tencent. After analyzing the global market to identify the sweet spot to park the assets for my client, Tencent again got my attention.
From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion, Tencent is in the process of accumulation, perhaps, the late stage.
The upper boundary of the sideway channel is HKD515 to HKD528. I'm looking for big size candle with high volume to take over it.
By setting the alert, let's see how it reacts to the boundary this time. The next target after confirmed breakout is HKD644.
What do you think? Give me a like if you're with me.
CK Asset Holdings Ltd (1113.HK) Ck Asset Holdings upside rally is still holding on after a strong break above the ascending triangle back in 29th December 2021. Despite a potential head and shoulder formation, we believe that prices will find support at 49.45-49.80, which is 2.43% change from the neckline resistance. Hence, we do believe that there could be a bear trap.
Cathay Pacific Airways (293.HK) - 5 wave terminal completedSymmetrical triangle formation hints a break to the upside after strong bullish momentum is confirmed by the Directional movement index. Furthermore, the breakout of the consolidation/ascending triangle confirms the bullish rally.
Expect some short-term correction upon breaking the immediate resistance zone at 7.04-7.15. Buy limit at 6.86.
CSC Financials (6066.HK)-Ascending triangle signal hope8.01-8.The downside corrective rout since Jan 2021 to July 2021 has come to a halt after prices consolidate from August 2021 to present. We may see an immediate upside break as the formation of the ascending triangle gave a very good hope. Either way, support zone 1 at 8.01-8.18 can be an alternative strong buying.
Ping An (2318.HK) - Buy at minor correction Since the breaking out of the descending triangle on 6th Jan 2022, the up trend is confirmed with the Ichimoku heading for a three bullish crossover. However, some weakness is observed at HK$60.90 immediate resistance thus we can take this opportunity to buy at support. DM+ is seen sloping upwards while DM- is seen sloping down below the Average directional index. As such, we believe overall trend is tilting towards the bullish side.
China Telco Players - benefiting from 5G Technologywww.chinadaily.com.cn
From a high of 88 in March 19, it has fallen to a low of 58 in early Dec this year. It has now break out from the descending channel on 16 Dec 19 and there is more upside to come.
The 5G technology drive will benefits the few big Telco players in China, China Mobile being one of them. This is one of the key areas that the Central Government is paying lots of attention and what US is trying to compete with China now.
www.cnbc.com
Do we still talk about Evergrande? In the last post on Evergrande we highlighted the clear Elliot waves down and another set of five completing.
Now we're gotten a bit of a bounce and that might be the ABC correction part of the move and we might be into a new set of legs down.
Evergrande is ... kinda low. A continued downtrend may be a problem for them.
China Evergrande Group speculative buyGovernment intervention to aid the crisis-hit property sector:
China Evergrande Group named a state firm official to its board.
Two of its peers sold assets to state-owned entities.
The buy volume was increasing lately.
If you want a short term speculative buy, China Evergrande Groupcould be your pick.
Looking forward to read your opinion about it.
1083.HKEX_Retracement Trade_LongENTRY: 6.33
SL: 5.80
TP: 7.29
- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Hit a high on 4 Jan 2022 and on retracement since then.
- Retraced until near 50% fib level on 18 Jan 2022 and uptrend line with above average volume and doji candle.
- Rebounded today with high volume.
Ping An Bank broken downward trendPrice has long consolidated between $70 - $100. Which dipped to $50 recently. With a breaking of the downward trending, Ping An is most probably reversing from current area with the upward trend line to be the support where we should see price to go above 70 and fall back down shortly to $62.50 before the next wave up for share price to go back into the long consolidated zone.
TP1 : 70
TP2: 95.9
Final Target : 125
CEB Bank (6818)One of the undervalue HK banking counter
If able stay above 2.78 and may breakout into an uptrend
VT Stock indicator is a stock breakout trend indicator for identifying the change of Mid to long term trend direction
(Disclaimer: for demonstrating own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)