TICKER 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...
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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...
Tencent saw more upside after bouncing from the support !
If you examine the type of stocks to buy from the perspective of marketing, then it becomes much more interesting. This Covid-19 has been a game changer for many industries but the few that sticks to consumers, good times or bad times, recession or not, they were always be there. The vices industry like alcohol, tobacco are going to be there no matter how much...
The intention of this chart is to show you the power of sitting on your profits and letting it run... You would notice beside the double digit returns todate , there were the trench (March low) that I suffered paper losses while holding on to these counters. Of course, on hindsight, I should have bought more and average down. But I did not......... It is one...
Read this article on comparing Wechat (owned by Tencent) and Whatsapp (owned by FB) First, we read about FB recent foray into India . Read here and now this move into Indonesia . Luckily for Wechat which has a huge market share in China and unlucky for FB which was blocked there, we can see FB moving fast these days to play catch up with its Whatsapp...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Expecting bounce from extremely oversold weekly and daily levels. If low breached, be ready to re-enter at lower levels with tight stops until low is in.
1. Would be extremely cautious as death cross forming with EMA20 and 50 crossing EMA200. Possibly around price of HK$350 in coming 2-3 trading days. 2. Oversold now but remains to see if rebound can support at $330 will hold. 3. Price has already retraced to 50% of run up to HK$480. 4. Would not enter until we see support hold at either HK$325 / HK$300 (higher...
Tencent would be dropping in the next few days to the nearest support Resistance: 1st Resistance: $380 Supports: 1st Support: $300 2nd Support $290
INVERTED HEAD AND SHOULDERS PATTERN - AT A MN SUPPORT REGION NOW DUE TO FLY! TP EXTENED TO 147. NOW JUST HOLD HOLD HOLD TILL TP Estimation of about 15 - 25 trading days TRADE SHOULD ROUND UP BETWEEN 7TH AND 14TH OF JUNE ...... THE MORE CONFIRMATION THE BETTER
With this ChartArt, I want to congratulation company this year super performance. (:
Bullish on this one. 0.618 fib could be first target.