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TCEHY

Tencent Holdings (TCEHY) Analysis Company Overview: Tencent Holdings OTC:TCEHY is poised for growth as the regulatory environment in China becomes more favorable, particularly in the gaming sector. The resumption of gaming license approvals has revitalized the market, allowing Tencent to launch new titles that resonate with consumers. Key Catalysts: Regulatory Recovery: The easing of regulatory scrutiny around gaming licenses has set the stage for Tencent to reinvigorate its gaming portfolio. Success of Dungeon & Fighter Mobile: The release of Dungeon & Fighter Mobile has been a standout success, generating $270 million in iOS revenue within the first 30 days. This performance highlights strong consumer demand and effective marketing strategies. Future Revenue Potential: Analysts forecast that Dungeon & Fighter Mobile could generate between RMB 15-18 billion in 2024, positioning it as Tencent’s most commercially successful game in five years, which bodes well for the company's overall revenue growth. Investment Outlook: Bullish Outlook: We are bullish on Tencent above $47.00-$48.00, reflecting confidence in its ability to capitalize on the resurgent gaming market. Upside Potential: Our target for TCEHY is $70.00-$72.00, driven by the anticipated success of new game launches and a healthier regulatory landscape. 🚀 TCEHY—Unlocking Growth in Gaming and Beyond. #Gaming #Tencent #MarketRecovery
OTC:TCEHYLong
by Richtv_official
TENCENT Most optimal level to sell long-termTencent Holding LTD (TCTZF) has been trading within a long-term Channel Down since the January 30 2023 High. Such +1 year consistency is hard to overlook technically, especially since the price got rejected last week not just on the Channel Down top (Lower Highs trend-line), but also on the 1D MA200 (orange trend-line). It has to be said that despite the rejection and the fact that the 1D MA200 has been essentially the Resistance since the August 10 2023 bearish break-out, it did manage a closing above it for the first time in such a long time-frame but the last Thursday - Friday strong rejection, potentially shows that the market hasn't shaken off the long-term bearish sentiment. On top of that, the 1D RSI got rejected exactly on its Resistance, the 70.00 overbought barrier, which is where it got rejected right before the last Lower High on November 14 2023. As a result we turn bearish again on this stock, targeting $32.00, which represents a -21.12% decline from the top, the lowest decline it had within this +1 year Channel Down on the March 15 2023 Low. In fact all Bearish Legs have been pretty symmetrical, ranging from -21.12% to -24.85%. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
OTC:TCTZFShort
by TradingShot
1
TCEHY/ATVI - Video Games#longshortcompetition Long: TCEHY / Short: ATVI Not only do the technicals show a downtrend with support for Tencent. I for one can see the writing on the wall for activision blizzard . They aren't a "bad" company. But boy oh boy have they been taking L after L after L. Whether its corporate structure, actual incompetence, etc. As someone who grew up on games from age 7-20, a few activision blizzard ones here and there, I've seen the gaming industry evolve MASSIVELY since I first started playing around 2007. Blizzard simply does not know what they're doing. Diablo Immortal, Heroes of the Storm, Overwatch, World of Warcraft. All falling off a cliff overtime. Losing their player base and fans. Berkshire Hathaway is not going to change gamers. Don't even get me started on the work culture. The PR of this company AND the product have been dog water. I feel like it gets worse before it gets better for ATVI . I feel like throwing money at this can only work so much. They need to listen to actual gamers, their audience, not shareholders to dominate market share. I feel that this will be their biggest problem in the future, not monetization. A part of me wants to be wrong because I grew up with this company but I simply let the chart tell me what it wants to do. Tencent has an enormous advantage. HUGE in China. Owns Riot Games, half of Epic Games, 5% of Activision Blizzard . Highest earning video game company in the world. They have a diversified gaming portfolio. Data Giant. Most popular game is League of Legends. I do not ignore the issues of Tencent becoming unpopular, government issues with data, tax, fines, antitrust, etc. Both companies have black swan potential, Tencent more so. But overall If I had to hold either company for 2-3 years, its Tencent. I'm more bearish ATVI than Bullish TCHEY. Also tradingview, I love your software <3.
Editors' picks
OTC:TCEHYLong
by MulticulturalMoney
5
My 2 Cents on TencentTencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.00, resulting in improved risk/reward. Our profit targets will be 55.00 and 52.50 Resistance: 65.00 / 68.00 / 70.00 Support: 55.00 / 50.00 / 45.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OTC:TCEHYShort
by Saxo
China: Where is the bottom? Let's look at Tencent Some reasons why we're probably near a bottom with Chinese equities, +/- 10-20% 1) Since 2013, price has consistently respected the trendline - no different than a standard demand curve in economics. Trendlines are demand for price over a period of time and they work best when price revisits them often and shown to bounce after. 2) We also have the 200 week moving average that supported price during the correction of 2018 (President Donald Trump's trade war with China & the slowdown in global economic growth / concern that the Fed was raising interest rates too quickly) - The 200wma also supported price during the Covid meltdown of 2020. 3) 2018 and 2020 resistance is now structure support + notice the gap that was just recently filled during yesterday's waterfall decline. 4) Tencent has retraced about 76% from the former impulse low to high, which is a standard deep retest in a correction (61.8% - 76% on the deeper end). 5) FXI is the Chinese large cap ETF - notice it hit the 200 Month moving average and bounced. You could see that here: No position yet, but may be interested in LEAPS. Easier trades out there IMO... but if holding, this is definitely not a place to sell. Expect chop and time to base. V shape recovery is also possible here (but unlikely in my view due to sentiment damage and headline risk). GL
OTC:TCEHY
by Lanmar
7
Tencent at KEY technical levels!From a price action perspective, Tencent looks primed to make its next leg up. Firstly, price has found support on a bullish trendline formed in late 2018 that has been tested and held multiple times. Secondly, price has bounced off the weekly 200 day MA, as it has done previously in March 2020 and October 2018, with a high level of accuracy. Thirdly, price has made a 0.618 Fibonacci retracement, a key reversal level, from its October 2018 lows. Moreover, the RSI is showing oversold levels but more importantly is showing bullish divergence. Taken together, a trader may have a high level of bullish conviction based on these technicals - it really does look like a textbook move. Despite this, from a fundamental perspective, Chinese tech stocks are under a massive amount of pressure from the Chinese government over monopoly concerns. Cathie Wood of ARK invest recently liquidated large amounts of holdings in Chinese tech stocks. Other Chinese tech stocks like Alibaba and Baidu have also recently suffered a deep slide in their share price. Should the regulatory concerns blow over, this set up presents a very attractive reward. However, the fundamental risks must not be ignored and still present a very real threat to the stock price.
OTC:TCEHYLong
by zvissss
If you think market will be saved by 1.9 Trillion stimulus..!Today many newbies are happy because US Senate just passed the 1.9 trillion bill. But let's see what happened in the last 8 weeks in the market.(MARKET CAP CHART) The top ten companies with the highest market cap have lost almost 1.45 trillion of their market cap in the last 8 weeks. Hypothetically, IF PEOPLE INVEST THE WHOLE 1.9 TRILLION IN THE STOCK MARKET IT IS NOT ENOUGH FOR TOCKS TO REACH TO ALL TIMES HIGHS. Only Google and Berkshire behaved differently in the last 8weeks and they did not lose their market cap! Please be realistic..! PLEASE REVIEW MY PREVIOUS ANALYSIS ON MARKET CORRECTION SINCE JANUARY 29, 2021 Moshkelgosha
NASDAQ:TSLA
by Moshkelgosha
34
TCEHY - A view of an old school trader.As another request, I’ll do an analysis of TCEHY today. Well, we can say that Tencent is doing what was expected to do, after it hit the “resistance zone” is now dropping and it seems it find a bottom at the light blue line in the chart, which is the previous top zone. TCEHY is doing some very precise and technical moves here, and now it did a bullish pattern, a downside tasuki gap, maybe? Or bullish engulf? Don’t know, and don’t matter really. Just be aware, because if it loses this light blue line the stock may face some trouble. Let’s see the hourly chart for some clues: The price lost an upward trendline (blue line), and it’s in a support zone, as it is in the daily chart. The rule here is the same, if it loses that blue line, expect it will seek for the lowers supports. Look at the daily chart again, these supports may be the thin pink line or even that thick red line. Personally, I think there’re more interesting stuff to trade right now, but if you want to buy Tencent, you can, but be aware of the low volume today and most important, the “resistance zone”. Trade well my friends and be safe. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
OTC:TCEHY
by Nathan_The_Finance_Hydra
Imagine not buying Tencent Best fundamental long term video game company. It is already clear Valorant is going to be a huge game, even though it is still in Beta. If the overall markets werent in limbo with COVID going on this stock would be much higher. I expect when things recover this company will be a red hot stock... Overall the chart on the weekly looks to in a great bull trend. I will ride this play out for months to come. Will probably consider adding over time. Anything under $54 is free money in the long run..
OTC:TCEHYLong
by bigAL_crypto
1