Long | TMENYSE:TME
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%,
TP 1~32
TP2 ~34
CALLS for 16 April Strike 35$
1698 trade ideas
TME in triangle the movement of the last few months of TME seems to me to be delimited by two dynamic supports that converging form a triangle, if the dynamic support holds up it could return to the upper level first and try the upper breakout later, otherwise the lower break could bring the title back towards the lows
$TME with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $TME after a Positive over reaction following its earnings release placing the stock in drift B.
$TME with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TME after a Positive Under reaction following its earnings release placing the stock in drift A.
TENCENT +130%Buy TME now and more low price
Sell levels on the chart
Profit 130-200%
Stop-loss if break RSI divergence
Wish you luck !
its not looking good for longs🔻tme broke below extreme support at the start of December, since then it failed to break back above and has made lower highs.. all bearish signs.
also keep in mind this is a recent IPO, when I zoomed out there was no more signs of support left.. so be careful if long!
like and follow for more 💘
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!
tme buywe have broken channel and head and shoulders .. buy at 9.66 ..first target 14.02 finally target 16.00 ..stoploss under the support level
Potential TME BuyI'm looking at a potential buy on TME with the potential for a nice gain. This is just my opinion and idea for a stock, and this is not financial advice . Let me know what you think and lets see what happens with the trade tomorrow.
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!
TME bottom can be very near2 possible bottom levels:
Level 1- 6.85 which it touched twice in the last 1 week.
Level 2 trendline touch, can be around 6-6.25, this level is very important as reversal can be started from here based on the history.
From this level i.e 6$, I am expecting a bounce to 9's range.
Fundamentally this stock is very cheap, 5B approx. sales expected in 2021 and 5.5B in 2022, which makes this to trade at 2.5 Prices/Sales ratio.
TME 2021-2023TME is creating a nice megaphone pattern, a bit dubious though considering horrible state of the world economy (and China "restructuring"), but the stock has already been hammered to death.
Buy $TME - NRPicks 13 AgoTencent Music Entertainment Group operates online music entertainment platforms that provide music streaming, online karaoke and live streaming services in the People's Republic of China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Ltd.
Revenue TTM 4.6B
Net Income TTM 640M
Net Margin TTM 13.7%
EBITDA Margin 15.8%
In times when no one pay attention to fundamentalsMany experienced investors look where most of people are not looking. Looking at TME chart it looks like trash if anything one may want to short it with such downward momentum. While in short term there is gain in shorting TME (At this time there are no good entry and exit point as the price is going through an uncharted territory). If you look at some education content online it is not hard to stumble upon market participants bragging how they don't "fish the bottom" or not "adding to a losing position". But big money plays it differently. They do add to a losing position because for one they can afford to do so, they do not need to barrow money to do it and secondly they hunt for bargains! I believe if you look under the hood at this prices TME is a bargain!
The company is having net profit quarters after quarter. With positive annual EBTIDA and EBTI. Is it under pressure from Chinese government? Absolutely, but right now it is a hot topic around every Chinese stock. It is just matter of time for dust to settle! Unlike education sector in China TME will thrive unless Chinese government bans streaming music all together!
The book value on TME is 4.77 meaning if TME to be delisted or get liquated today this is roughly how much each investor will receive per share. At less than 50% of it current value! Just to put things in perspective TSLA trading at $660 has book value of $23! So aren't we looking at a bargain?
So how am I going to play this?
I have been having a tiny position averaging at about 11.00. I have added to my position today small and going to add to my position at around 5.50 in larger number of shares but in the same dollar amount as before, if we ever get there. I am not expecting to profit from this in a short period of time hence I am investing the money I can pretend I never had to begin with (I can afford to park my cash). As of now there is no exist strategy on TME I am just going to wait for sell off to end and going to plan for one once the stock changes trend (it may take years!)
Pick up some shares of TME last night , would you ?read latest news here and here
Again, not all businesses that falls 77% from its peak are good business. You need to know the market ,its growth forecast down the road before picking up. If you are not comfortable, there are always other stocks to go bargain hunting.
Please do your own due diligence !
TME I am bullish on the beaten down China names, looking to bottom fish on TME. This will be a long term trade, levels of interest are labelled for me.
TME huge gapTME seems to found his support. Godd time to slowly buy in.
Watch the price action and buy step by step.
I expect we can fill the gap over the bigger time frame.
LAST HOPE FOR TMEHello There,
As you know Chinese market crashes this month, we are in a few of those stocks ( $TME, $BABA and $DOYU ).
They are going to raise it just a matter of time, but if you like to do a day traders, here is an opportunity for TME.
Target and SL in the chart.
Happy Trade.
TME LongDemand Zone
Entry 10.3
Stop 9
Target 14.3
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
TME UpdateHello traders,
We will add to our position at this level here ( we will leave some cash for the 11$ level if we got there )
We will update the targets once we leave the red levels.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
TME - great R/R ratioTook a half-size position in TME, by doing a synthetic long with expiration next year. Chance of breaking 11.41 from here appears to me to be much lower than breaking above 14.30
