Tencent
$JSE-NPNJSE:NPN
Made nice rising wedge, with negative divergences.
Hit big resistance. Made nice big engulfing bar.
HKEX:700 results look very bad.
Time to sell?
Emerging markets my d****As you can see on this chart, a gigantic rising wedge it is completing as long as price is moving towards its target.
Victory Royale for Tencent?Tencent just invested 150 million dollars in Reddit, and keep in mind that Tencent owns 40% of Epic games... The creator of the video game giant, Fortnite. The Megalodon is giving us a buy signal on the technical side!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! Send me a message if you would like to try it for yourself!
TENCENT due for correction- Bearish divergence
- Ending diagonal in 5th wave
- This correction could influence Naspers and the SAtop40 all together
Tencent downtrend broken with a small inverted head and shoulderThis will support Naspers and the ALSI in coming days.
JD.com trading at a blatant valuation discountOne of the trends taking place in my portfolio is an increased weighting in China's technology sector.
Amid the trade-driven pessimism over China, clamp down on digital assets and increased control over online content China's economy is trading at a blatant valuation discount to the U.S.
Within the last few months the BAT stocks Baidu BIDU , Alibaba BABA and Tencent TCEHY have been among the biggest losers.
The recent arrest of JD CEO Richard Liu has caused JD stocks to tumble further relative to its e-commerce peers and is now almost 50% off its 52-week high. I view this as a risk-reward profile that is heavily tilted in favor of the bull.
All indicators explained on the graph
TencentTencent is my private tip. I'm marking it as NEUTRAL, but I will slowly accumulate stocks on current and lower prices
Tencent: short-term short, long-term longTencent: short-term short, long-term long
Based on what have I observed for the past few months, tencent's price is on a short-term bearish trend caused both by its under-expected earning on online games, China's regulation on online game industry overall, as well as the elephant in the room, trade war.
Short term wise, RSI negative reversals are coming on by on. Currently the price may go down to 291, which is the 0.618 retracement level since December, 2016, a two year term fibonacci retracement. But the RSI reversal indicates that it may go even lower to 274.
But long term speaking, AD Line is trending upwards even the price keep going lower since March 2018, for the past 5 months. That is to say, 274-291 could be a crucial range for us to predict what may happen next.
Bullish on the Chinese tech sector, 5 must have stocksSeptember is often considered a tough month for stocks. However, many Chinese stocks have already had a rough year due to escalating trade tensions between the U.S. and China.
By and large, the fundamentals supporting Chinese tech stocks are strong given small penetration rates in a very large and rapidly growing internet market. For the most part, the technicals point to healthy upside going forward.
The following 5 Chinese tech assets are hovering around their Point of Control POC: price point with the highest trade volume and are showing signs of recovery using a number of indicators. We use the China 50 Index as a benchmark for these assets.
NIO, IPO, Tesla Competitor? Huge Potential Gains!This was released under IPO price. Im long @ 5.99.
Tesla competitor and much more involved with this company, just no need to go into much detail.
Cant beat under IPO price, and huge long term possibilities with this company.
They may be the first producers of an affordable electric car to start.
This is high risk, as noone knows what could happen.
I have a 100% success rate with IPOs this year so far, just mentioning.
Happy trading , debating, and speculating!
Flash note: Hang Seng 50 Future/Tencent + ADR /NasperAccording to Lester Davids, Trading Desk analyst at Unum Capital:
"Some positivity on the Tencent Chart - Could be a driver tomorrow.
- Bullish Divergence
- Extended well below it's 200dma (HK$404)
- Chinese market sentiment overwhelming negative"
Contact the Trading Desk on +27 (0)11 3842920 or tradingdesk@unum.co.za to discuss.
RSI Negative Reversal again in Tencent's chartAnother RSI Negative Reversal again in Tencent's chart.
TCEHY very long term outlook fib levels looking at places to add/start a position in this monster
Tencent is a massive Chinese company that owns WeChat and a sizable portion of Fortnite among many other things
Pretty confident that FB's data on Americans is nothing compared to the data WeChat has on Chinese people due to how much the "super app" is used.
Daily & weekly close for 700 HK in 2 hours. Currently holding 200MA with RSI turning up.
Price range still within a downtrend channel and resistance ~HK$ 398.00
Important to also watch the monthly candle close on Monday!
Tencent: I'm buying the dip.Tencent: I'm buying the dip.
It never falls below 40 on RSI indicator. Correction is on the way.
TENCENT - long term scenario
This is, again a very long term scenario! But for long term investments, you really should be able to see where something could potentially go. Not to say that you are going to be right even 50% of the time on such calls but I still believe they are important! If you can't come up with a scenario that would generate above average returns, there most likely ain't one!
I hope you liked this! Like and follow if you want and take care!
Tencent swing tradeMy thoughts on this are pretty simple. It's a strong, growing company that's pulled back with the market, and will rebound as it always has.
A correction is comingDivergence indicate that a correction is coming. I will be looking at a good place to pick it up.
$PLFX is a truck of tinder waiting to catch on fire!The .45 closing for PLFX caused the stock to tap resistance for a 4th time while prepping for a golden cross right when there was a squeeze. Support held at .31 since June 29th. MACD has a large upward alligator mouth, RSI is slightly overbought, STO overbought and CCI has shown a steady upward movement since June 29th. Hopefully news releases and the CCI can stay above the 0 line when the market opens again. PSAR should be flipped next opening day as well. Last note... the stock has only been lower one time back in 2015 so the support is exponential.
TENCENT has a date with 22I have a feeling Tencent will break this 4+ year trendline and retest the 22 area. Not a strong feeling.
