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Tencentmusic

Tencent Music: Docked inTME recently reached our magenta Target Zone (between $9.55 and $6.84) and is now trading just below its upper edge. We expect a deeper dive before the magenta wave (ii) comes to a well-deserved end. With the low in place, the share should then rise again and head for a new three-year high with the same-colored wave . Investors can therefore play the long side within the Zone, whereby stops could be placed 1% below the lower edge or at the support at $5.70.
NYSE:TMELong
by MarketIntel
TME, its TIME to move UPSIDE -- generously!TME is amassing massive volume based on weekly data. Net buy volume has increased almost 4-folds from 10M average volume to a whopping 38M, thanks to a rosy quarterly earnings AND new opportunities in the spectrum for the company. The stock has broken its weekly descending trend line. Higher lows on both histogram and pricing has been created cementing the current price range as the new base for the coming series of ascend. No brainer decision. SEED on this one. Spotted at 7.0 TAYOR Safeguard capital always. ------------------ Financials Quarterly financials MAR 2023 (CNY) Mar 2023 Y/Y Revenue 7B 5.42% Net income 1.15B 88.51% Diluted EPS 0.72 100% Net profit margin 16.39% 78.74% Operating income 1.14B 90.98% Net change in cash 2.57B 46.08% Cash on hand - - Cost of revenue 4.69B 1.99%
NYSE:TMELong
by JSAL
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
NYSE:TMELong
by CRV_Trader
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