ICT Long setup of a Hong Kong stock: Tencent (700)👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in Hong Kong stock : 700 for Swing trade.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
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Have a good day!
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Tencentlong
Naspers is going up - this is stuff they don't want you to knowCup and Handle has formed on Naspers and has even gapped up showing strong momentum.
7 >21 >200 Moving averages all turned up.
Target 1 is R3,626.50
CONCERN is that Gaps close 70% of the time and Naspers is a wild one which acts erratically.
Number of reasons which I don't think they'll be happy if I tell you but I'm an independent.
1. Companies love to trade the arbitrage between Tencent (China) and Naspers SA
2. Prop traders love to scalp on lower time frames chasing the daily runs, falls and gaps.
3. You'll see in the volume with Naspers there are tons of 1's thrown into the buys and sells. This is to spook traders out as they have to pay more brokerage.
A company like Naspers is a major game player for many traders and for this reason, the erratic movements in the charts look like this.
TENCENT | Wave projection - Bullish Divergence Possible Rebound?Price action and chart pattern trading: a possible rebound scenario
> Elliott Wave projection - falling zigzag ABC correction wave channel now at C-wave 0.786 extension of A-wave at the key level support.
> Downtrend target reversal position of the major top HEAD & SHOULDERS with double bullish divergence signal
> Target rebound > SMMA 50 key upper resistance POC
TCEHY Price Target Price target for TCEHY Tencent is $56.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Tencent Stock Hello Traders,
After China's stranglehold on video games HKEX:700 was one of the companies that suffered the most.
If you look at the weekly calendar it seems to have made support in this area.
Post your idea/analysis below for discussion.
Thank you all for your support.
For more accurate setups, stop loss, take profits and mentoring services, FX signals, Crypto, Indices and Stocks PM me.
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...
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!
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Many greetings & success!
Chartdigger
Tencent's pullback correction could be used as a sell entryTencent could pull back to the 23.6% fib retracement, after a strong sell-off session today. Technically, a pullback is healthier in the longer-term to gather more bearishenss downward. if we can catch that pullback, it will be a good sell entry to rider the bearish trend going forward.