Get started
Tencent Music Entertainment GroupTencent Music Entertainment GroupTencent Music Entertainment Group

Tencent Music Entertainment Group

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

TME trade ideas

TME: Approaching 3 Layer SupportTencent Music's fluky selloff was the result of Archegos Capital's reckless overleveraging. However, this selloff has created an interesting opportunity to buy off of weekly trendline, horizontal, and 50 day SMMA support. The fundamentals of TenCent remain unchanged and many Wall St. analysts maintain an average $25 price target despite the selloff. Revenue + Net Profit continue to increase QoQ. This may be a great opportunity to grab some shares of China's #1 music streaming company.
NYSE:TMELong
by douglasjlupo
Drama on the Stock Exchange 2.0 - TENCENT MUSIC Buy Now!Hello dear readers, In the last TENCENT Music analysis , I also talked about the reasons for the massive sell-off in Tencent and then created a trading plan. Now the price is in the buy zone and I will build a long position. The reasons are: - The sell-off was triggered by a Blackswan event. - The price is at a strong cross support of golden pocket, trend lines and horizontal support levels. - Volume is falling, the MACD shows a weakening of the downward trend. - Of course, everything could turn out quite differently here. But all in all, I think that the probability of a nice long trade looks quite good when all factors are taken into account. Now we have to be patient. As always, it is "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call for individual action! If you want to support my work I would be happy about a Like & Follow 🙏 Many greetings & success! Chartdigger
NYSE:TMELong
by CRV_Trader
3