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TENCENT MUSIC ENTERTAINMENT GROUPTENCENT MUSIC ENTERTAINMENT GROUPTENCENT MUSIC ENTERTAINMENT GROUP

TENCENT MUSIC ENTERTAINMENT GROUP

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TME/N trade ideas

Chinese Stocks Are Moving Up!Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out Scoop up some strong ones!! Reasoning Whole Industry is moving! Use strong bars to draw trendlines, most times spikes should be left out! Consolidation seems done Correction is not overextended Good Relative Strength Great earnings RSI tested bullish range multiple times Multiple Bullish Days Always try to use 2 timeframes My Would Be Trade Plan - Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3) - Raise stop once Trade moves 2ATR in your direction - Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price) Main Sources of My Knowledge Mark Minervini Constance Brown William O'neil Speakers on Trader Lion Youtube Adam Khoo My Indicators 14 Period RSI. 9SMA and 45EMA Moving Averages added Composite by Constance Brown This is for catching failures in the RSI. The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that Composite Settings Author : Constance Brown (Connie Brown) RSI Length : 14 RSI Momentum Length : 9 SMA Length : 3 Fast Simple Moving Average : 13 Slow Exponential Moving Average : 33
NYSE:TMELong
by vssebuyungo
TME: VCP Pattern / PowerPlaySetup: PowerPlay VCP: 4W 14/5 2T RS: 98 Contraction 2 is setting up after the turn (trendline). China stocks are leading! The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books. RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
NYSE:TMELong
by fyntrade
Observing the volume on the price to track actual big buyer Technical analysis can be used in many ways. Someone applies to AI projects and also someone uses only the trading view tools function that is enough to predict price the first sight. As you may see in the chart view, we need to find the pattern of the accumulation phase. The question is how we know the big buyers (insider/hedge fund/billionaire) are buying. Normally the stocks will have price making, the price maker can be the owner, big buyer, hedge fund, and every beneficiary. We need to follow the price maker, and you will able to make a big shot. To find the big shot on stock, there are several methods. I would like to share with you my methods for finding the big shot of trading. 1. Deep-down price We need to find the panic sell from all traders (big/small traders). It will be the first significant falling down of stock price at least 60 percent of the maximum price. people need to don't trust the stock anymore. 2. Let it fall After the price is falling down, you also don't know if this is the end of the bearish trend or not. In this phase, we need to action nothing and wait until the volume increase in term of price. Volume has 2 types. 1st is volume based on time. 2nd is volume based on price. 3. Acute-Angled Triangle of volume profile The degree of the triangle will represent the buyer are buying. the fewer degree of a triangle and a long time of stable price are the meaning that the big buyers are still not completed buying. They will not let the price go up until they accumulate stock enough for running a new cycle. Our duty is buying in this phase too. These are only 3 examples from many for finding the stock to take a big shot. We also can use coding to track which significant price of each stock of each month.
NYSE:TME
by Pakinnithitechameth
2
Tencent Music giving up more ground. TMEA Flat formation is in order. This one is a switch from a previous massive zigzag - a law of alteration in practice! Where to from here. Probably not much lower than origin of B at most. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:TMEShort
by Rykin_Capital
Bearish on Tencent Music Entertainment. TMEWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:TMEShort
by Rykin_Capital
1