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700

Tencent (700): Ambitious Targets - Preparing for a BreakoutFor Tencent Holdings Ltd. on the Hong Kong Exchange, we're seeing a scenario where the subordinate Wave (2) has likely concluded between the 61.8% and 78.6% Fibonacci retracement levels around 260 HKD. We anticipate a breakout from this range heading upwards, ideally reaching the target zone for Wave (3) between 227% and 361.8% Fibonacci extensions, which translates to approximately 870 HKD to 1100 HKD. Though this target is quite ambitious, it remains plausible in the long-term scenario for Tencent. On the 4-hour chart for Tencent Holdings, we are observing a subordinate Wave 1 structure, which should be formed as a 5-wave structure heading upwards. The wave ((iii)) in this sequence has likely concluded at the high-volume node edge, fitting neatly between the 227.2% and 261.8% extension levels for Wave ((iii)). For the anticipated Wave ((iv)), we expect a more pronounced sell-off to between the 50% and 61.8% Fibonacci retracement levels, reaching down to our point of control, indicating significant buying interest at these levels. We'll place our stop-loss below the 61.8% Fibonacci level and beneath the maximum level where Wave ((iv)) can feasibly fall without invalidating our scenario. A brief dip into the level of Wave ((i)) is tolerable, but a prolonged stay would challenge the validity of our setup. We've also respected the trendline well, attempting a retest that should hold if valid, hence not anticipating a further drop. Our upward target is initially set at 416 HKD, beyond which we will look for new entries for a superior Wave 2 and continue to adjust our stop-loss from Wave ((iv)) accordingly.
HKEX:700Long
by freeguy_by_wmc
Tencent's Rocket Ride: Heading for 1338 HKD? For Tencent Holdings, we currently believe we are in an overarching Wave III, which should be created with a 5-wave structure upwards. This should naturally extend far beyond the Wave I level at the all-time high of 715 HKD. We anticipate a rise to at least 1338 HKD for this overarching Wave III. Wave II concluded at 188.6 HKD. Zooming in, we see that we are about to complete Waves (1) and (3) and soon enter into the Wave (3). Wave (2), as we expect, might dip slightly further, to 241 HKD. However, we are convinced that we could be in a long upward trend. Therefore, we do not want to be stopped out prematurely, as it would be quite unnecessary. A double bottom at 188 HKD cannot be ruled out. Thus, we place our entry at the 50% extension for the very subordinate Wave ((v)) and just above the 78.6% retracement level for the subordinate Wave (2). This would create what's known as a Fibonacci retracement cluster, where there should be a significant buying potential. We will see how it unfolds in the coming weeks or days. Should there be a rise above 297 HKD, we may need to reconsider our stance.
HKEX:700Long
by stromm_by_wmc
Betting on B.A.T shares !I am betting on the Chinese B (Baidu), A (Alibaba) and T (Tencent) shares again , having seen their share prices fallen more than 50% from its peak! This is a long term investment , with time horizon 5 years and more. Is this the bottom ? I believe so as the Chinese Government is taking this opportunity to shore up its economy and the need to appease to the investing public. But , short term, we may still see some volatility ahead , so do not expect a straight rally up all the time.
HKEX:9888Long
by dchua1969
Tencent: Turn around! 🔄Tencent remains in our magenta-colored (long) Target Zone, which extends from HK$302.60 on the upper edge to HK$237.40 on the lower edge. It is still our primary assumption that the stock will establish another marginally lower low within this price range. Once the wave (2) in magenta has been completed, we expect the price to rise above the resistance at HK$416.60. At this point, however, it should be noted once again that the (minimum) requirements for the wave (2) correction, which the stock has been dealing with for almost a year now, were met with the approach of the Zone - as a result, a direct breakout to the upside would be quite conceivable from a technical point of view. Until then, the Target Zone continues to offer the opportunity to position oneself on the long side.
HKEX:700Long
by MarketIntel
1
What catalyst can drives Tencent shares ?Nov 16 2022 will be its Q3 earning report. You can choose to buy before or after depending on how comfortable you are with this company. The China Tech stocks have been badly bashed due to the regulation clamp down. But, the business model remains strong. Let's be patient as the 20th CPC National Congress will end this week and we can expect to hear some positive news about where they are going to put their focus on moving forward. I believe the digital economy has a lot of potential in China and more room to grow given the support of the Chinese government. Please DYODD.
HKEX:700Long
by dchua1969
3
700 6-month balance breakdown ahead?#marketprofile #volumeprofile #orderflow #chartanalysis #chartporn HKEX:700 ***** I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head straight and hold myself accountable for the next day. It is very possible that I am flat wrong in all of my scenarios.
HKEX:700
by sherlou_0505
Tencent offers 50% discount or more this Christmas !Read latest articles here , here and here . There is a Chinese saying that "Big trees attract the wind" which means that a tech giant like Tencent has certainly has the Central government hawkish eyes on them for a long , long time. The recent slew of measures imposed on them over the last few months seems like a bottomless pit (as one of my followers said and he is getting discouraged ) and depressing. I totally agreed as the picture was not what many shareholders envisioned barely 10 months ago...... I have written some time ago (please search my posts) on concentration vs diversification strategy in setting up your investment portfolio. Again, this is not a hard and fast rule. There are people who bought only one company , say Coca Cola or Amazon or even BTCUSD and become millionaires and multi-millionaires from it. For me, I like to diversify , buying into the specialty of different companies in their respective industries. Boeing is good in aircraft and maintenance but can't do what this tech company do and neither do the tech company wants to invest the time, money and resources to do what Boeing has done over the years. Hopefully, out of 10 stocks you pick with solid and good fundamentals, one or two become a multi-bagger that gives you 5-10 folds returns and that to me is excellent news. Please DYODD and understand your objectives of buying into this company. How long are you prepared to hold ? What are your capital reserves ? Do you have a cut loss strategy ? Are you prepared to average in when it drops 30%, 50% , 65% ? Why yes ? Why not ? Having these answers mentally prepared helps you to steer clear of irrational thoughts and act on impulse buying or merely following calls of others who may have different strategies with you.
HKEX:700Long
by dchua1969
HSI rebound rally will be slowed by profit takerWhile my view toward HSI remains bullish since the end of May after the index has decisively surged through its major resistance of the 50 days moving average, one need be aware that the index has entered a choppy zone due to the emerging selling pressure from profit taking of short term traders. That said, one should avoid breakout buying as higher price might trigger more profit taking orders causing slow down in upside price movement. No matter how affirmative one is, it is always important to keep your head up for potential developments that are aligned with, or against your point of view. Overconfidence will turn intuition into “into-wishing” . Below are some of the actions I would closely follow in the coming weeks to detect market sentiment change: 1. Market reaction after the US CPI and FOMC rate decision Last Friday the worse than expected US CPI figures pushed down the US equity market. Asian equity index futures (such as HSI, A50, NK225) in the night after-hours trading session also reflected the plummet. However, no matter how risk-off it was on Friday, it is worth noting that all of the 3 major US equity indexes ( SP:SPX , DJ:DJI , NASDAQ:NDX ) actually didn’t even reach the May-20 low. That means the CPI surprise indeed was not so surprising that it provided no new information to the market. What we need to observe is how the market moves when it reopens on Monday. However, major movement might only come after Thursday’s FOMC rate decision. 2. Chinese investors risk appetite Compared to HSI, Shanghai Stock Exchange Composite Index (SSE Composite Index, SSE:000001 ) better reflects Chinese investors sentiment. SSE Composite Index has creeped back up to the 2022-Apr rebound peak level around 3290. At this major resistance level, the market will require positive news or policy release to sustain the bullish sentiment in order to surge through, otherwise the natural profit taking force will drive the market into consolidation or even reversal. With the increasing correlation between Hong Kong and the Chinese stock market, any change in Chinese participants' sentiment can move HSI greatly. 3. Non-Chinese fund FOMO buying of Chinese tech If follow the Southbound fund flow from China to Hong Kong closely, 4 weeks ago Chinese investors actually have started to rebuild their position in major tech firms such as Meituan HKEX:3690 and Kuaishou HKEX:1024 (Note: Alibaba HKEX:9988 is not available for direct purchase by Chinese investors due to secondary listing and weighted voting right issue). Only until the recent 2 weeks after the earnings release of Alibaba and Meituan, non-Chinese investors finally woke up from the Chinese bearish dream and started FOMO buying. An interesting observation is that since last Thursday when HSI briefly touched 22100 level, Chinese investors have turned from net buying into net selling of Chinese tech firms. That means for the past 2 days, Chinese investors were effectively selling the stocks to the non-Chinese. Once the non-Chinese find out they are the only one buying, there might be some retracement until the price at which Chinese players are comfortable to start loading up their position again. 4. Risk of China new round of lockdown Only 10 days after the end of Shanghai lockdown, Shanghai is restarting mandatory mass testing across districts over the weekend. Whether this event is a false alarm, or will evolve into a new wave of city lockdown is a major uncertainty. While most of the upside is already priced in from the current rally, one should actually prepare the sharp reversal to the downside when risk of lockdown emerges.
HSI:HSI
by geoffreyip523
Tencent .. my ten cents worth on it sharedQuick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year. There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO. Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts. So, this is called planning the trade... and in doing so, we might expect a dip in the week of April 25 at about 320-350. IF it does play out to that, we can expect a bottoming pattern to form, and then start looking to go shopping. Not before. Here we are planning the shopping trip. For now, it remains as a plan. Wait for it... For you, my friend... just so we go live on what we spoke about.
HKEX:700
by Auguraltrader
700 (HKEX) - Another idea that slap youHello, if you are the true investor, someone who has big amount of cash to invest in stock, absolutely u will reasearch for big market cap stock which can give you more stability and also gain. At the long term, we can see that tencent is bullish, so it give more opportunity to keep you safe even you are enter in wrong time. so what is the idea now : 1. We need to see, what is the indication that show if the bearish already stop and the trend will changing 2. if you are long term investor, this time is best to do research for buying preparation If you have more data, not only about fundamental but also list of stock holder, broker summary, u will make sure it is time to buy or still waiting. But the chart really nice If you have any question, feel free to send us message. ALL is FREE NB : Not Financial advise
HKEX:700
by MultiAssetX
Hong Kong Tech Giant Tencent, is it time to buy? After a crash of 40%+ from the recent high in Feb, is it time to buy Tencent again? Tencent has not closed below the 40 MA on the monthly chart yet. The last few times it has fallen close to this moving average, it has provided a great buy opportunity for the short, mid, and long term. Currently, the MA level to watch is 431. If we close below this moving average, it could be a strong sign that downside risk has increased again...
Editors' picks
HKEX:700
by johninvest17
39
700 (TENCENT) POTENTIAL SELL INCOMING at 588.5 to 419.5TICKER CODE: 700 Company Name: Tencent Holdings Ltd Industry: Communication Services | Internet Content & Information Position Proposed: SELL Technical Analysis 1. Falling Wedge Pattern (Potentially forming) 2. Large Head & Shoulders (Potentially forming) 3. Fibonacci Retracement at 0.786 is at key market structure 4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole Analytical Assumption Monthly chart has not done any proper retracement to any market structure hence, we are looking for a deep pullback. This deep pullback will hit previous resistance which is now the new support Sell Exit: 588.5 Buy Entry: NOT READY (379.5-419.5) 1st Partial Take Profit: 867.0 (July-End 2022) 2nd Partial Take Profit: 1146.0 (2023) Stop Loss: 355.0 This chart will be monitored and updated on a closer date or when more data is presented.
HKEX:700Short
by traderprosignals
700 (HKX) - TENCENT Go BullishGreetings Humbled, 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. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan Analysis 700 (HKX) - TENCENT Go Bullish
HKEX:700Long
by MultiAssetX
1
To sell or not to sell ?Questions that traders and investors constantly asked themselves - Now that I am in the trade and have made some profits, do I sell now and lock in the profits ? Questions that new traders and investors also asked themselves - Now price is so high, when is a good time to catch the low and get in or should I chase it higher ? Today, we see many HK/CHINA stocks in a sea of red and I have shared before the psychological effect of RED colour on the human eyes. It creates a sense of URGENCY and the sometimes false Need to take action. 99.99% of the people when they see massive amount of blood will either frozen and not know what to do, some might faint while the more composed will quickly ask for help. Same thing in trading/investment, people tend to sell fast and first when they see red in their portfolio, thinking it is better to have a bird in hand than worth two in the bush. What if I am wrong ? All my paper profits may go down the drain. And the latter is exacerbated if he/she has a string of losses prior to that so recovering whatever profits become a matter of priority and urgency to them. I have highlighted here a few of my vested stocks and I am not selling for the simple fact that the business models of these companies are still very much intact. Yes, competition will get fiercer as more new players come onboard and also the China regulations might put a dampner on the stock price too. But, I view all these as temporary and any fall in price is a good time to accumulate. As some of these stocks have run quite a fair bit (from 50-90% since March Low), it is totally acceptable to have some correction now. The pink circle depicts a simple analogy of the wave pattern that the price action moves in a chart, ie. wave like rather than a linear line. It is hard for me to tell you to add more shares in an existing company that you have or use it to buy a new company. It is like if you have one red shirt in the wardrobe, would you add one more red shirt albeit a different design OR get a blue shirt for a change ? If you buy a different company such as defence, infrastructure, etc then you are diversifying for stability and spreading your investment eggs across different sectors. Or you could go deeper into the value chain and acquire new shares of companies that operates within this vertical specialty. The latter works especially well if you have domain knowledge of an industry and know very well the competitive landscape, forecasts of the industry, government plans for this sector, etc. Else, if you do not have the luxury of time to pursue such meticulous and granular details, an ETF that represents the top 10-30 companies in that field might be a good option too. Again, I hope this thoughts of mine would benefit some of you in some ways when planning your portfolio. It can be much more fluid than you anticipated and customise it to suit your financial goals. Have fun :)
HKEX:700
by dchua1969