TME 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...
Tencent Music Entertainment Group, (NYSE: NYSE:TME ) a Chinese audio entertainment platform, beat Q1 revenue estimates by a steady rise in paid subscriptions and advertising services on its Spotify-like music streaming platform. The platform reported revenue of 6.77 billion yuan ($935.9 million) for the quarter ended March 31, beating analysts' expectations of...
Tencent Holdings, ( NYSE:TME ) the Chinese multinational giant, has announced the release of its highly anticipated mobile game, 'Dungeon and Fighter: Origin'. Developed by Korean company Nexon, the game is a mobile adaptation of the popular computer game 'Dungeon and Fighter', which is considered to be one of the world's most profitable computer games. This...
Analyzing the options chain and the chart patterns of TME Tencent Music Entertainment Group prior to the earnings report this week, I would consider purchasing the 11usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $0.43. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Tencent Music Entertainment ( NYSE:TME ), China's leading digital music company, has defied market expectations with a significant surge in net profits despite a slight decline in revenue for the year 2023. The company's robust performance reflects a strategic pivot towards driving profitability through enhanced subscriber conversion and retention, underscoring...
Many Chinese stocks are quietly breaking out. News headlines from other aspects of investing and world politics are drowning out these bullish setups. Breakouts observed in some leading names.
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...
The situation at Silicon Valley Bank (SVB) is not particularly complicated. In short, they borrowed short and invested long, mismanaged their liquidity, and caused their own demise. The specific steps were as follows: low-interest deposit-taking, overzealous investment in Mortgage-Backed Securities (MBS), short-term liquidity gaps, forced selling of assets, and...
Setup: PowerPlay VCP: 4W 14/5 2T RS: 98 Contraction 2 is setting up after the turn (trendline). China stocks are leading! The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example,...
China stocks have outperformed over the last few months. A major ETF is running into resistance which likely means we could see money rotate out of China. Profit taking is likely especially if the DXY catches a technical bounce.
providing a meaningfull and detailed description of my analysis.
Triple Top Expected reversal at TT Uptrend following reversal Solid support prev. few months
NYSE:TME Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%, TP 1~32 TP2 ~34 CALLS for 16 April Strike 35$
Buy TME now and more low price Sell levels on the chart Profit 130-200% Stop-loss if break RSI divergence Wish you luck !
A Flat formation is in order. This one is a switch from a previous massive zigzag - a law of alteration in practice! Where to from here. Probably not much lower than origin of B at most. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
2 possible bottom levels: Level 1- 6.85 which it touched twice in the last 1 week. Level 2 trendline touch, can be around 6-6.25, this level is very important as reversal can be started from here based on the history. From this level i.e 6$, I am expecting a bounce to 9's range. Fundamentally this stock is very cheap, 5B approx. sales expected in 2021 and 5.5B...
I am bullish on the beaten down China names, looking to bottom fish on TME. This will be a long term trade, levels of interest are labelled for me.