Top China Internet-Tech stocks (most r on Hang Seng Tech Index)Top China Internet-Tech stocks (most are on the Hang Seng Tech Index, some are still on the Nasdaq) vs Hang Seng Index (HSI), CSI 300 index, NASDAQ (IXIC index):
- Tencent 0700
- Meituan 3090
- JD.com Nasdaq JD
- Pinduoduo Nasdaq PDD
- Baidu Nasdaq BIDU
- Netease 9999
- Kuaishou 1024
- Bilbili Nasdaq BILI
Tencent
$0700.HK Tencent, big weekly level here.. Trendline + 200wmaThis chart needs no comment but clearly a great level for investors looking to fill their boots if we can hold onto the longer term TL + 200 week ma. Tencent doesn't often get oversold under 30 - in fact, it has only been this oversold twice since 2005.
China BigTech - KWEB ETF☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting.
Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram, which is already in a bullish divergence.
However, in February 2021, there was a 19.83% move up from the channel. Such a pull-out can be repeated down to the $40 support line.
Not a financial recommendation.
GET RICH OR DIE TRYIN
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...
TCEHY Tencent Head And Shoulders Chart PatternIn the chart you can see a schoolbook Head And Shoulders Bearish Chart Pattern.
Theory says that you measure the distance from the neckline to the top and then consider the same distance to discover the bottom from the neckline down.
In this case it coincides with the strong 40usd support!
ARK also sold its positions in TCEHY Tencent Holdings Limited.
I`m looking forward to read your opinion about it!
$JSENPN Back at its 200 week ma/ema, bounce incoming?the 200 day moving average/exponential moving average has been a great level of support for naspers over the last 3 years. Will the stock bounce again at this level? If history is anything to go by -Odds favor a bounce, but let's see how this unfolds
Has it bottomed?Alibaba Group (9988) and Tencent Holdings (HKG:0700) are considering opening up their services to each other as Beijing clamps down on anti-competitive practices in the tech sector, The Wall Street Journal reported Wednesday, citing people familiar with the matter.
The potential move will likely break the virtual wall that the two tech giants have built, preventing users from accessing one company's tech platform using the other's services, the report said.
Alibaba may allow users of Tencent’s WeChat Pay to make payments on Alibaba’s e-commerce marketplaces Taobao and Tmall, a move that could be announced in the coming months, according to the report.
Tencent will also likely allow selected Alibaba services to access WeChat users through mini-programs or light apps that are embedded in the main WeChat platform, the WSJ said.
The report comes as China tightens its crackdown on monopolies, particularly in the tech industry dominated by Alibaba and Tencent.
In April, China's antitrust regulator slapped a record fine of 18.23 billion yuan ($2.82 billion) on Alibaba over what it described as the company's abuse of market dominance for years.
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.
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
Tencent 700Hk - Slow & SteadyCurrently at a 24% discount off the peak of 775.5HKD on 17 Feb 2021, China/HK techs been facing alot of noise due to China Government policies to rein in the tech sector.
Currently after the 2.8Billion USD fine on Alibaba, there was a major news selloff on the 13 Apr 2021 that regulators invited most tech
for a meeting such as Tencent / JD / Meituan / Pinduoduo and more. However a major contrast was that the techs were all given 1 month notice to change and adhere to the guidelines which shouldn't be an issue.
Key point to hold long term
generating massive revenues from mobile gaming such as PUBG MOBILE and continue churning out games (E-sports as ongoing trend)
PUBG Mobile was the highest grossing game in 2020, generating $2.6 billion in revenue.
It has been downloaded over 730 million times.
In Q3 2020, over 50 million people played the game daily
www.businessofapps.com
sensortower.com
Strong business fundamentals / balance sheet / well invested into multiple companies
Target pricing on 11 June 2021
TP High - 700
TP Low - 641
For discussion & education, Invest at your own risk
What's in my shopping list today !Here's a list of stocks, ETFs, commodities, currencies that I have went long recently :
Stocks :
Wilmar
Meituan
Geely
Beijing Airport
ZA Online
Baozun
NIO
Tencent
Yeahka
Lemonade
Amazon
Moderna
Tesla
Xiaomi
Stone Co
Baidu
Commodities :
Platinum
Gold
USOIL
Currencies :
EURUSD
NZDUSD
GBPJPY
Indices :
Nikkei 225
HSI
SPX500 (see chart)
Please note that this is not a recommendation to follow my trades as I would prefer readers to take time to understand their own trading/investment temperament, objectives , capital allocation, risk tolerance, etc before punching in the orders. Placing orders is a couple of minutes affair but what happened thereafter is crucial.
For example, you can see that for GBPJPY and NZDUSD, I have longed both pairs for quite a while, adding only occasionally though there were many opportunities to do so coz I need to allocate capital to other instruments that I am vested in. Again, how much to allocate in one product, I leave it to you to do your own research. Putting a % would be meaningless in this instance.
From this sample above, you can see that I am quite diversified in terms of sectors, countries, products,etc. So yes, you can say I am greedy in some sense, haha but in a good way, I assume.
Also, I am not able to filter find my commodities like copper , wheat, soy bean, etc in the search box as it comes up empty but if you go through the pages you would find them and I have also added some of those as well.
Once more, I apologised to those who are new to my trade posts and have enquired about certain stocks but I have yet to provide you the answers.
Have a great Friday , everyone and may abundance, peace and prosperity with all of you !!!!